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South Dakota Enacts Series LLC Legislation: What You Need to Know

By IncNow October 14, 2020
Mount Rushmore

Among a number of recent states to enact Series LLC legislation, South Dakota’s new Series LLC law becomes effective soon. The approach of South Dakota counters the larger Series LLC trend. Most states follow either the business-friendly Delaware model or the prescriptive Uniform Protected Series Act (“UPSA”). Here’s what you need to know. When Will […]

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A Delaware Series LLC Can Help Protect Your Businesses

By IncNow July 29, 2020
Subsidiary

The Delaware Series LLC is a business entity which enables members to place a web of liability shields over individualized assets within a single LLC. As the name suggests, a Series LLC entails a singular organization empowered to self segregate its assets. This creates many rings of protection. As the Delaware Series LLC has risen […]

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What is an Umbrella LLC?

By IncNow May 27, 2020
umbrella

Often a serial entrepreneur will form multiple “brother-sister” companies to keep their assets from becoming commingled. But if an entrepreneur has partners that also own an interest in each of these companies, it can generate a separate partnership tax return for each entity. One way to simplify this is to form a holding company with […]

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What Is a Quasi Entity?

By IncNow May 16, 2020
asset protection

If you have several related business ideas, filing a Series LLC can be an attractive option. But simply forming a Series LLC doesn’t entitle you to the internal asset-by-asset protection of a Series LLC. Instead, there are certain steps you need to take to make sure that you (1) have established protected series by the […]

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The Series LLC Can Protect Your Business from an ‘Infection’

By IncNow April 21, 2020
scooter

Just as an infected person with a virus can infect nearby healthy people, an asset with a liability in a company can be a bad apple that unnecessarily exposes all the good apples to a liability. In this case, the “virus” is not a germ, but rather a judgment creditor who tries to collect against […]

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