I have several small businesses that I operate out of my home to generate multiple streams of income. What is the Series LLC and should I form one or set up multiple entities?
A series LLC can be thought of as an organizational umbrella of one LLC with multiple “series” or “cells.” Series LLCs are generally of interest to individuals who have several large assets. The advantage of the series LLC is the asset protection and anonymity provided to its members, as well as a cost savings recognized through the reduction of paperwork when compared with organizing separate LLCs for each business. A properly formed and maintained series LLC will treat each cell as a separate entity, with its own rights and obligations. This means if someone filed a suit against a single series or cell and won, then only the assets of that cell would be at risk. The series LLC originated in Delaware, but the laws of some other states (such as Illinois and Oklahoma) also provide for the formation of a series LLC. Return to top • I operate my business from my home and I am concerned about listing my home address. Do you provide any agent services? Yes, The Company Corporation provides
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