Lnet-LLC is a discussion for lawyers, accountants and professors and students of law and accounting.
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Your co-moderators are: Professors Larry Ribstein (Illinois), Tom Geu (South Dakota) and Gary Rosin (South Texas); and from private practice: Stuart Levine (Baltimore, MD), Nancy Grekin (Honolulu, HI), Lin Hanson (Park Ridge, IL), Chris Riser (Highlands, NC), Dave Culpepper (Portland, OR) and John DeBruyn (Denver, CO).
I understand that in Delaware, if people want to use the parent/sub model, they don't have the LLC own the series, but rather form a series that owns the other
... The idea of members associated only with a series is not unexpected. I think of the oil exploration companies that organized separate LLCs for each well to
In Illinois the members of the Series are not automatically the members of the mothership LLC, and I do struggle with that conceptually. This position was
John and Carter, I find this discussion interesting. While many think of the series LLC Company as a "mothership" with "daughter series" that are wholly owned