Texas Series LLC

TEXAS SERIES LLC

The concept of the series LLC is that several compartments (series) may be created within one LLC. These compartments of one LLC allow for separation of assets/services and their liabilities.

One of the main benefits of the serioes LLC is that the expense of setting of several different LLCs becomes unnecessary, thus saving a lot of money on filing fees and attorney fees

Once the Series LLC is organized properly with the state of Texas, a master operating agreement will be created, followed by the sub series operating agreements that are ordered for each respective series. Finally, each series will have its own name and bank account by way of a separate tax id so ultimately each series can submit its own tax return.

In the situation where the investor wants to invest in property using their Self Directed IRA monies but at the same time wants separation of liability between the properties a series IRA LLC is the best answer. We will draft the proper complex operating agreement that will meet the legal requirements with both your IRA custodian and the court in case of a legal contest. The bottom line, you will be confident knowing your hard earned money will be best protected from the IRS as well as lawsuits.

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