Although the structure of LC varies significantly, commentators have an advanced opinion on how to minimize the likelihood that one series will be held responsible for the commitments of the company as a whole or another series. But they are only opinions and have not been retained in court: [citation required] A series of co-responsibilities, commonly known as series LLC and sometimes abbreviated as SLLC, is a form of limited liability company that offers liability protection over several „series,“ each being theoretically protected from the other series` commitments. In the general structure, the LLC series has been described as Master LLC, which has separate divisions, which resembles an S-company with Q-Subs. Multi-real estate real estate investors often use the LLC series to isolate each property and associated liability in a separate sub-LLC. In order to reduce annual registration fees, the LLC series can be registered as a single foreign entity in countries other than their home country. This practice is common among entrepreneurs who use standard LCs to own properties in New York, Texas and California. After dissolution of the company pursuant to Section 12.01, the company is dissolved by the dissolution of each series in the manner provided for in Section 12.03, except that the separate capital accounts of each member associated with more than one series are grouped into a single capital account of that member, in accordance with Section 12.03, point b) (iv) of point 12.03. Each series is effectively treated as a separate entity, i.e. debts, liabilities, liabilities and charges in a series cannot be imposed against another set of LLC or against the LLC as a whole. Each sub-LLC must establish a separate serial agreement.

Each sub-LLC has its own makeshift name, bank account and separate Federal Tax ID. While the enterprise agreement is changed when series are added or deleted, the training certificate submitted to the state (also called the organization article) does not require any changes. „member“: (i) MEMBER ONE and MEMBER TWO, as a member of the company, who are not affiliated with a series; (ii) MEMBER ONE and MEMBER TWO, each in his capacity as a member of the company associated with a series (as such a series may be established from time to time in accordance with the provisions of this Agreement) and (iii) persons subsequently admitted as members of the company under this Agreement. Members of the company are members of the company at any time until the company is dissolved, dissolved and terminated in accordance with the law and this Agreement, regardless of whether or not there may be a series at any given time. After admission as a member of the company, this member, unless otherwise stated in a separate serial agreement, is also considered a member of each series as a member of each series and holds the same percentage of those series as he holds in the company. After admission as a member of a separate serial agreement, that member, unless otherwise stated, is not considered a member of the company and other series as licensed and does not hold the same percentages of interests in the company and in the other series it holds in such a separate serial agreement. The company is controlled by a simple majority of members who hold more than 50% of the voting entities of the company and who are entitled to make a decision that is not contrary to that agreement, including, but not only, the appointment and removal of company executives. Notwithstanding the contrary provisions of this Agreement or a separate series agreement under Sections 18-215 of the Act, separate and different books and recordings are retained for each series. Given that so few states have enacted laws authorizing a series of CLLs, it is not clear how states, without these statutes, will deal with a number of CTCs that do business in their state.