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"Series LLCs Part 2 - Current Status Multi-State Issues and Potential Uniform Limited Liability Company Protected Series Act" By J Leigh Griffith and Alberto R Gonzales Taxes - The Tax Magazine 

by J. Leigh Griffith

Published: March, 2017

Submission: June, 2017

 



Although its emergence on the business scene is fairly recent, the Series LLC has been gaining popularity as a business entity. Under the Series LLC umbrella, this entity is able to create multiple Protected Series, each with its own separate rights, powers, assets, obligations, business purposes and associated members. The aim is that the internal liability shields will maintain such “separateness” and protect the other Protected Series and the Series LLC itself from the others’ debts and obligations.

 


 


 

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