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It must be stated in the operating agreement that the subsidiary series shall have limited liability.
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Most practitioners have now heard of "series" limited liability. Series of a limited liability company; . This is why series llcs are an especially . A series llc is a unique form of limited liability company (llc) in which the. The operating agreement does not have to be filed with the state.
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Which means, if one of the designated series is sued, the .
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