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A series LLC in Alabama is a form of LLC that offers its owners and members unique liability and tax advantages. The series LLC is made up of a master LLC and one or more sub-series that branch out of it.

It is not difficult to establish your own Series LLC in Alabama. It’s easy with our step-by-step instructions!

A series L L C enables its members to split the assets and activities of a “parent” L L C into a set of “child” series.

You should know the answers to the following questions before naming your series LLC:

1. Series LLC name regulations differ per state. In Utah, each child series’ name must include the name of the parent LLC and be distinct from the names of any other child series. Remember that you must also follow the conventional LLC name regulations.

Follow the Utah LLC Naming Regulations:

2. Consider the following basic guidelines for making the titles of your series more identifiable, unified, and clear:

3. Does your company name exist in Utah? Do a name search on the Utah.gov website to ensure that the name you choose isn’t already used.

Is your company’s name accessible as a URL? We propose that you investigate if your company’s name is accessible as a web domain. Even if you don’t intend to create a company website right away, you may wish to purchase the URL to prevent others from doing so.

A Registered Agent must be designated for your Utah LLC. The parent LLC’s Registered Agent must be the same for each child series.

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What exactly is a Registered Agent? A registered agent is a person or corporation that agrees to deliver and receive legal documents on your LLC’s behalf. Service of process of legal action (if you are sued) and state filings are examples of such paperwork.

Who is eligible to be a Registered Agent? A registered agent must be a Utah person or a company allowed to do business in Utah. You may choose someone from your organization, even yourself.

You must submit the Certificate of Organization with the State of Utah to register your LLC. This may be accomplished through fax or mail.

Business owners in Utah must fill out an application form to apply for a Certificate of Organization for a series LLC. The state of Utah offers instructions for filling out this form.

Section 8 (objective) of the Utah series LLC form is optional, although many experts recommend including further information about your series in this field (or as an addendum to section 8).

When founding a series LLC in Utah, an operating agreement is necessary. The operating agreement does not need to be submitted to the state.

What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.

Why are operating agreements necessary? The operating agreement is essential for a Utah series LLC because it establishes a barrier between the child series and the parent LLC. The operating agreement defines the kid series’ responsibility limits (asset protection).

What exactly is an EIN? A corporate entity is identified by its Employer Identification Number (EIN) or Federal Tax Identification Number. Each of your series LLC’s offspring series will need an EIN.

How can I get an EIN for my LLC series? The IRS does not have precise procedures for obtaining an EIN for a series LLC’s child series. For each subsequent EIN, experts recommend utilizing the name of your series LLC coupled with the name of the child series.

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