The Series Limited Liability Company
The Series Limited Liability Company (“Series LLC”) was first introduced in Delaware in 1996. Although many states allow for the formation of Series LLC, few still do not. The Series has been valid in the Lone Star State for the past ten years (since 2009). In Texas, the Texas Business Organization Code (BOC) controls and regulates the formation and maintenance of a “Texas Series LLC” under Tex. Bus. Orgs. Code Ann. §§ 1.001 et seq.