| Oct. 08 2008 at 2:03 AM |
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I just learned about it today.
Does anybody have any information that they have learned about forming a business in this manner.
mike
Ideas are forever and Opportunities are Unlimited.
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| Oct. 10 2008 at 11:53 AM |
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A Series LLC allows members of the LLC to compartmentalize assets of the business across different business units or divisions. In effect, it's like forming separate LLCs for each line of business all within a single LLC.
Series LLC are only allowable under the laws of Delaware, Illinois, Iowa, Utah, Tennessee, Oklahoma, and Nevada.
These can be difficult entities to maintain properly, and have not been well-tested from a tax and liability perspective. I have not yet advised my clients to form these entities until many of these open issues are better resolved.
Pepper Law Group, LLC
21 E. High Street, Suite D
Somerville, NJ 08876
informationlaw.com
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The Legal Considerations of Starting an Online Business
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| Oct. 11 2008 at 12:37 AM |
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that was about the way I understood it to be,
one other thing, I thought I also understood it to be that the members involved can vary from asset to asset..????
asset A, can have a core 5 members but asset B can have the same 5 plus two others, was I misunderstanding this??
Mike
Edited by: IdeasandInnovations - Oct. 11 2008 at 1:22 AMIdeas are forever and Opportunities are Unlimited.
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