Series LLC- An Uncertain Choice for Businesses

08.07.17

Summer Associate Mashal Shah and Partner Richard M. Pollak coauthored a byline published in The Secured Lender about the pros and cons of the Series LLC. Shah and Pollak cite the low start-up costs and flexibility of the entity but note the lack of guidance and limited case law. Ultimately, they write, “Because only seven states presently authorize Series LLCs, using this type of limited liability company may be risky. Creditors and owners of Series LLC must understand that the outcome and issues are uncertain in absolutely any litigation in which a Series is a party...”