During consultations with clients, I am often asked what are the requirements for keeping the limited liability shield among different series of a series limited liability company (“SLLC”). The short answer is the assets of a particular series must be maintained in such a manner so that the assets of the series can be “reasonably […]
The Record Keeping Requirement – Series LLC Read More »
The limited liability company (“LLC”) is the most popular legal entity formed in Texas and throughout the United States. LLCs have been around for a long period of time. However, the series limited liability company (“SLLC”) is a relatively new concept, first permitted in Texas in 2009. Because SLLCs are still relatively new, you might
The Series Limited Liability Company—The New Belle of the Ball Read More »
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