Series LLC legislation in Arkansas

[Mark Rogers]

There is a good chance that Arkansas will soon join a growing number of states that allow the creation of Series LLCs.  The legislative package of the Arkansas Bar Association is supposed to include that legislation, and it sounds like it has widespread support and is considered noncontroversial.  

[Mark Rogers]

I am by no means an expert on Series LLCs, but a Series LLC should make it easier and less expensive to set up separate entities to segregate assets or groups of investors. You set up a Master LLC and then have a streamlined process for setting up and maintaining different "series" under the master LLC, with each series being the rough equivalent of a separate LLC. I had been thinking about using that structure but wasn't thrilled about needing to set one up in another state in which I do not do business and in which I do not know the attorneys. This will make it more convenient for those of us in Arkansas who might want to use a series LLC instead of setting up multiple LLCs.