Texas Series LLC Formation
Flat Fee LLC Formation Services; Free Consultations on LLC Formation
A special form of Limited Liability Company in Texas, a “Series” LLC can have many benefits for individuals, families, and partnerships that are looking to accomplish certain goals, such as real estate investment and holding, with their business. At the Law Office of Nathaniel Gilbert, PLLC, the priority is the formation of the Series LLC, and the subsequent Series’ in a quick and efficient manner that matches the Client’s goals.
Want to learn more about Series LLCs, such as converting your LLC to a Series LLC, how to form a Series for your Series LLC, or what a Series LLC Formation costs? Scroll down to continue reading on this page!
Series LLC Formation with Attorney Nate Gilbert in San Antonio Texas: “I operate on flat fees, with a focus on forming my client’s LLCs online in a quick and efficient manner”
TEXAS SERIES LLC FORMATION: $900
SERIES FORMATION: $240
See below for more information
Why Should I Start A Series LLC In Texas?
A Series LLC is an amazing tool that individuals looking for a specific kind of LLC structure can use in Texas. A Series LLC is, in actuality, multiple LLCs under one roof. Why do some individuals, families, and businesses choose this type of entity? For 99% of cases: Real Estate.
Why Use A Series LLC for Real Estate?
A Series LLC functions as several different LLCs, with each of these entities holding separate properties, having different functions, and containing different membership profiles. This is an advantage for property owners with multiple properties—Each property can be maintained separate and apart from the other properties, thus separating the liabilities and assets as well.
Should I Use a Series LLC For Just One Property?
The short answer is, why not? Forming a proper Series LLC requires statutory specific language in the Operating Agreement as well as the Certificate of Formation, but the filing fees and annual maintenance costs are the same in Texas. If you are forming an LLC to use to hold just one property, it may be in your interest to just do the Series LLC now, even if you may not add another property for quite some time.
How Much Does A Series LLC Cost in Texas?
LLC Formation Attorney Nathaniel Gilbert in San Antonio works with clients using a flat fee structure for forming a Series LLC- $900, including one Series, and $240 for each additional Series. This includes drafting your Operating Agreement and discussing how the Operating Agreement works and your obligations under the Operating Agreement, Draft Meeting Minutes and Corporate Resolutions to use in the management of your Series LLC, EIN acquisition, and filing your Certificate of Formation with the State (filing fee not included) and a detailed memorandum about liability prevention and LLC management. State Filing Fees for Series LLCs are the same as regular LLCs or PLLCs.
Series LLCs are a unique entity that allows for the creation of several other entities under one umbrella. Essentially, you are creating a chain of LLCs that all link back to one particular entity, with each individual LLC link in the chain, or “series”, existing as its own individual entity with assets, liabilities, and members.
Series LLCs are most commonly used for Real Estate investment where investors hold property in each series. For example, an investor creates a series LLC with his attorney in order to acquire three properties: a ranch, an apartment building, and a commercial strip mall. Each of these assets carries with it unique liabilities that a prudent investor may not wish to leak into other assets. Under a series LLC, the investor can shield the liabilities of the strip mall from the ranch and apartment assets by holding those properties in their very own individual series.
Formation of a Texas Series LLC is relatively straightforward with the assistance of an attorney. The Certificate of Formation as well as the Operating Agreement MUST have the statutorily required language for Texas Series LLCs that authorizes the creation of “Series.” For the Series themselves, you’ll need the ability to amend your Operating Agreement and create the separate addendums for the Series.
Texas Series LLC FormationSubtitle goes Here
- Filing of the Articles of Organization with the Secretary of State of Texas- Including the required language for Series LLCs in Texas (Click here to learn more)
- Application for EIN (Federal Employer Identification Number)
- Draft and Finalize Your Operating Agreement, including the statutorily required language for Series LLCs—This language is mandatory for all Texas Series LLCs.
- Includes Formation of ONE Series, and filing of Assumed Name for Series with the State of Texas
- Draft Organizational Resolution for your use throughout the life of the business
- A memorandum on LLC liability protection, successful LLC management, and other important information for managing your business.
- Does Not Include State Filing Fees
Have More Questions About Forming Your Texas Series LLC?
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