How To Form Series Llc In Texas

To register your series llc you will need to file the certificate of formation with the secretary of state.

How to form series llc in texas. If you want to use our general certificate of formation for a limited liability company form 205 word 159kb pdf 108kb you may do so and add the additional required information in the supplemental text area of the form. After the series llc is created it will only cost you about 50 in recording filing fees to create each sub series. Changes made to the boc in 2009 including authorization of the series llc along with subsequent improvements have made it a model of progressive legislation and improved texas already deserved reputation as an. There is a one time state filing fee of 308 10 to create the series llc or master llc 500 if you want to have us to create your series llc. For example under texas law a series llc s certificate of formation must contain the notice of limitations provided in tex.

How can i form a series llc in texas. When you form a series llc you will register with the secretary of state as a single entity and will only need to pay one fee. See form 313 word pdf. This can be done online or by mail. The texas series llc like traditional texas llcs corporations and limited partnerships is governed by chapter 101 of the boc.

Each individual series is protected from losses suffered by the other series llcs and the master llc. Adopt a plan of conversion as required by the boc 10 101 et seq. The secretary of state has a separate application for registration form for foreign series llc. If each or any series of the llc transacting business in texas transacts business under a name other than the name of the llc the llc must file an assumed name certificate in compliance with chapter 71 of the texas business commerce code. A series limited liability company or series llc is a limited liability company llc that provides in its governing documents for the establishment of a series of members managers membership interests or assets that have separate rights obligations and liabilities and business purposes from the general master llc.

If you need help forming a series llc texas you can post your legal need on upcounsel s marketplace. The secretary of state does not have a specific form to be used to form a series llc. The primary benefit of a texas series llc is the start up cost. You will also need to pay an annual fee to a registered agent for your series llc texas. Upcounsel accepts only the top 5 percent of lawyers to its site.

The key to creating a protected series llc in texas is drafting a legally correct certificate of formation and operating agreement. How does a series llc work in texas. Setting up a series llc in texas is a straightforward process. The first step to forming any type of llc is to first select a name for your new business. You should choose a name that is memorable and also one that briefly describes what your business does or what your organization stands for.