Series LLC Essentials

A series LLC is a form of limited liability company that allows for segregation of assets, like real property or ideas, and interests into independent series or cells. While Delaware was the first state to permit Series LLCs in 1996, a number of states currently provide series enabling statutes. The potential benefits surrounding formation ease and asset protection are alluring in several contexts, yet many argue that these entities are still in their infancy and come with considerable risks. This program will introduce attendees to series LLC construct and explore how series are being used today. Faculty will analyze applicable default rules under Delaware law and the Uniform Protected Series Act and discuss where the current risks lie. Don't miss this opportunity to refine your understanding of this interesting emerging entity.