States Allowing Series LLCs
- Alabama
- Arkansas
- Delaware
- Illinois
- Iowa
- Kansas
- Missouri
- Montana
- Nevada
- Oklahoma
- Tennessee
- Texas
- Utah
Understanding Series LLCs
A Series LLC is a special type of limited liability company that offers liability protection to its individual members, or "series." Series LLCs are often used for real estate investment purposes, as they can help to protect the assets of each individual investor.
The Internal Structure of a Series LLC
The Series LLC has the ability to have separate “cells” within it. Each cell within a Series LLC can segregate the liability of the assets owned by that particular cell from the assets in every other cell within that same Series LLC. If properly implemented, the creditors of one cell within the Series LLC cannot reach the assets of another cell within that Series LLC.
Liability and Protection
The biggest question surrounding Series LLCs is the issue of liability and the inter-Cell protection. What will Idaho do with your Iowa Series LLC, in the event that you are sued in Idaho. Will it respect Iowa laws, and allow you to maintain the division between Cells?
LLC Formation in Idaho
With its business-friendly regulations and economic growth, Idaho has become an ideal location for entrepreneurs looking to establish their ventures. One popular business structure among these entrepreneurs is the Limited Liability Company (LLC). An LLC provides numerous benefits such as personal asset protection, simplified taxation, and increased credibility. This article will serve as a comprehensive guide to help you successfully navigate the process of forming an LLC in Idaho.