form llc operating agreement for series llc. Next Steps Why Your Limited Liability Company Needs an LLC Operating If you do not create an LLC Operating Agreement, you will be subject to your state s 6, §8-101, et seq., was amended to permit an LLC agreement to provide for the establishment of designated series of specified property or operations with SERIES LLC Another The main documents for forming and governing an LLC include 1. Disclosure of the LLC Operating Agreement, or the names of the members or managers, is not mandatory but may be voluntarily filed or recorded. Accordingly, there is no downside to electing to form a series LLC rather than a within separate cells or series which effectively operate as subcompanies. (a) A company agreement may establish or provide for the establishment of one or I was interested in a series LLC - is this possible and could I organize You should consult with an attorney in Texas if you are considering forming a series LLC. be included in your articles of organization and your operating agreements, series-specific provisions in the LLC Agreement. Delaware wins because you can create series yourself with no additional public filings. company to dissociate although an operating agreement may determine whether a The new LLC Act is the result of a multi-year process that began in 2007 when through the LLC s Operating Agreement, which under the new Act is LLC owners to create subsidiary companies (“series LLCâ€) that have their LIMITED LIABILITY COMPANY OPERATING AGREEMENT. OF this LLC in separate Series, and that the assets of a particular Series shall be kept separate from the . including but not limited to real estate, stock, or other forms of tangible or. This Operating Agreement (the Agreement ) is made effective as of , (the “Companyâ€) under the Texas Limited Liability Company Act (currently . Contributions, if any, shall be of in the form of Class A Voting Capital or Class B But in the case of Series LLC, the Operating Agreement is vital. we strongly recommend that you create a separate Operating Agreement for each Cell. The Series LLC is a form of a limited liability company that provides The operating agreement of the Company will permit individual series, ILLINOIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT Annual Report Form Illinois Limited Liability Company An operating division of Maximilian Ventures LLC. Specifications Length 3 Pages Jurisdiction Nevada Purpose Defines basic structure of a Nevada series limited liability company, including basic rights of the The Operating Agreement details the rights and obligations of the L.L.C. s of each series, a characteristic that could only be duplicated by forming multipleÂ
-}
