The Texas series LLC (like traditional Texas LLCs, corporations, and limited partnerships) is governed by Chapter 101 of the BOC. A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series. A series LLC in Texas is a special type of LLC that provides specific liability and tax benefits to its owners and members. If you want to learn more about the basics of series LLCs, check out our What is a Series LLC page.. Forming a series LLC is almost exactly the same as forming a standard LLC except fo r the inclusion of the following language, from the Texas Business Organization Code Section 101.602, in both the certificate of formation and in the company agreement of the series LLC:

In July 2009 I wrote this post about Texas’ adoption of the series limited liability company. Unless otherwise indicated, attorneys listed on this site are not certified by the Texas Board of Legal Specialization. 03. ... Fair Law Group PLLC's principal office is in Waco, Texas, but our online process allows us to effectively represent clients throughout the state of Texas. Starting your own Series LLC in Texas doesn’t have to be difficult.

The. Box 261034 Plano, Texas 75026-1034 972.633.2588 A series LLC or a protected series may hold an associated asset directly or indirectly, through a representative, nominee, or similar arrangement, except that: A protected series may not hold an associated asset in the name of the series LLC or another protected series of the series LLC; and The series LLC may not hold an associated asset A series LLC, formed under Texas law, is an LLC that provides in its governing documents for the establishment of a series of members, managers, membership interests, or assets that have separate rights, obligations and liabilities and business purposes from the general LLC. This enables businesses to separate different parts of the company into separate LLCs, allowing them to isolate the liabilities of each segment from the others. A series LLC is a collection of LLCs that are grouped under one parent LLC. The series LLC is only available in certain states, including Texas. Attorneys and Counselors at Law P.O. Recently, I reviewed a certificate of formation for a Texas series LLC on the Texas Secretary of State’s website that failed to include the notice of limitation required by §101.602(b)(3) of the Texas … THE TEXAS SERIES LIMITED LIABILITY COMPANY STARR LAW FIRM, P.C. The series LLC consists of a master LLC and one or more individual series LLCs that branch off from it. Texas Series Limited Liability Company (Series LLC) Formation.