Louis Hering, Morris Nichols Commercial Law Counseling Group partner, and associate R. Jason Russell, authored “Series LLC”–appearing in the April 2012 issue of Practical Law The Journal.
In 1996, Delaware became the first state to permit the formation of limited liability companies (LLCs) that have multiple series with separate members, managers, LLC interests or assets (Series LLCs). Series LLCs have recently started gaining popularity, and today may be formed in at least eight other states. The article provides an overview of Series LLCs, highlighting the pros and cons of using this unique form of entity.
Click here to download the article.
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Louis G. Hering, R. Jason Russell, “Series LLCs,” Practical Law the Journal (April 2012)