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The Status and Evolution of Model Series LLC Legislation

Series LLC, Series Limited Liability Companies, Uniform Protected Series Act, Uniform Series LLC Act, Business Entity Formation, Business Planning

by Jennifer L. Villier, JD | Legal Education Faculty, WealthCounsel

Series LLCs have been called the next generation of pass-through entities, gaining in popularity and use as states continue to authorize them. The lack of state uniformity in the treatment and acceptance of series LLCs has lead more conservative attorneys, advisors, and clients to avoid them, believing that the uncertainties and potential risks associated with series LLCs outweigh their perceived benefits.

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