A Series LLC for those businesses or individuals buying, holding, and selling various assets makes sense because of the ability to put each property in, basically, its own Limited Liability Company, instead of having all of the properties in one company.
Series LLCs are a unique feature that many states allow companies to use. By forming a Series LLC, you are in essence creating the opportunity for the creation of several LLCs underneath that one, “parent” LLC.
Learn More about Trec Forms For the Purchase & Sale of assets in Texas
Investors in Texas, particularly those managing various investment properties, find the Series LLC structure beneficial. For example, an investor might own an agricultural property, lease it for hunting and livestock, own a multi-family housing unit, and a commercial strip mall. Traditionally, creating distinct LLCs for each property is advisable, but the Series LLC allows for separating assets and liabilities without the need for maintaining multiple entities.
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Using a Series LLC, this investor could create one Series LLC, “the parent”, and separate individual Series that hold each property, “the subsidiaries.” Each Series then functions as if they are entirely separate companies, but the management is much more streamlined from the investor/owner’s perspective. The assets and liabilities of each property are sequestered safely inside the Series, instead of being subject to each other and vice versa.
There are certain requirements for forming Series LLC in Texas that you must absolutely be aware of prior to forming your Series LLC. Attorney Nathaniel Gilbert aids businesses and investors in San Antonio, Texas, in forming and managing their Series LLCs, guiding them through the entire process from start to finish.. If you would like to read more about LLCs and Series LLCs in Texas, Click Here. If you would like to get in touch with Nate directly, Click Here.
