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The
benefits of a Series LLC include the ability to own multiple assets
through one Limited Liability Company that is composed of a potentially
unlimited number of “series,” each of which can be treated
independently for liability purposes if the requirements of the Series
LLC statute are complied with (such as having a properly prepared
Operating Agreement). The Series LLC provides
for independent and separate liability of each asset within each
series, without the additional administrative burden of creating a
separate limited liability company for each asset. The number of series can be increased or reduced without creating a new LLC. Conventional LLCs can also be converted into a Series LLC without the need to form a completely new entity.
More details are provided in an article, "The Delaware Series LLC," written by Francis G.X. Pileggi, Esquire and Bernard George Conaway, Esquire.*
*You will need the FREE Acrobat Adobe Reader software
available at www.adobe.com.
Our Delaware Series LLC includes the following:
- Drafting of the Articles of Series LLC Formation
- Certificate of Formation for the Master of the Series
- Operating Agreement for the Master of the Series
- Separate Series Agreement Template
- Registered Agent Service for one year ($100.00 value)
- Delaware Filing Fees
- LLC Kit: includes Membership Certificates, Interest Transfer Ledger, Company Seal embossing stamp, and binder ($100.00 value)
- Electronic Filing of the articles of Series LLC Formation
- Registration within 24 hours of payment
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