Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

Multiple formations under LLC

Asked by: Kenneth - 12 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Am I allowed to have multiple formations (unlimited formations) under a parent LLC?
Answered by: Ray Albert - 14 December, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Kenneth,

I can interpret your question in one of two ways:

1. Some states allow you to form a Series LLC, allowing the ability to divide the company's assets and liabilities into various sub-LLCs or cells (called "series") while controlling them from one umbrella company, commonly referred to as a Parent LLC. Forming a Series LLC can be advantageous, however is only available in 7 of the 50 states.

2. If the Series LLC is not available in your state, you can form an LLC, and use this entity to be a member or partial-owner of other LLC's or register DBAs for this LLC. There would really be no limit to how many registered entities you could have registered by your original LLC, or how many DBA the LLC has.

Each of these options would have their advantages/disadvantages. It's always recommended you consult with a professional attorney or an accountant to help figure out the best strategy based upon your business endeavors.

I hope you were able to find this answer helpful.

Comments:

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment