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Series LLC
A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series. In overall structure, the series LLC has been described as a master LLC that has separate divisions, which is similar to an S corporation with Q-subs. ==History==
The concept of the series LLC was first introduced to help the mutual fund industry avoid filing multiple SEC filings for different classes of funds. Instead the idea was to use one entity for all funds so that the SEC filing would be under one umbrella, but still permit the individual funds' activities to be conducted separately.〔See, e.g., Thomas E Rutledge, ''Again, for the Want of a Theory: The Challenge of the "Series" to Business Organization Law'', 46 Am. Bus. Law J. 311 at 313-15 (Summer 2009).〕 The concept is similar to that of the segregated portfolio company or protected cell company, concepts which existed prior to the invention of the series LLC. Segregated portfolio companies exist in countries such as Guernsey, the British Virgin Islands, Bermuda, the Cayman Islands, Mauritius, and Belize. This method of liability segregation was first called the "Delaware Series LLC" because the first state to enact this legislation was Delaware (in 1996). As of April 2005, Iowa〔Iowa Code (§490A.305 )〕 and Oklahoma already had passed similar acts. Later in 2005, Illinois〔Illinois General Assembly, (Public Act 094-0607 )〕 and Nevada〔(2005 Statutes of Nevada, Page 2189 )〕 followed. Tennessee〔Tenn. Code Ann. §48-249-309.〕 and Utah〔Utah Code (§48-2c-606 )〕 passed legislation effective in 2006. Wisconsin passed a stripped-down version of the series LLC legislation.〔Wis. Stat. (§183.0504 )〕 Montana enacted Series LLC legislation in 2011, since becoming a popular organizational structure for captive insurance companies.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Series LLC」の詳細全文を読む
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