Series Llcs: The Asset Protection Dream Machines? (Limited Liability Companies) Series Llcs: The Asset Protection Dream Machines? (Limited Liability Companies)

Series Llcs: The Asset Protection Dream Machines? (Limited Liability Companies‪)‬

The Journal of Corporation Law 2010, Summer, 35, 4

The Journal of Corporation Law
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Publisher Description

I. INTRODUCTION In uncertain economic times, bankruptcy and asset protection become hot topics. Businesses begin looking for new ways to avoid bankruptcy and shield their assets from creditors if bankruptcy is unavoidable. The series limited liability company (SLLC) represents the growing popularity and increasing sophistication of asset protection strategies. (1) An SLLC has the potential to be the next evolutionary step in limited liability companies (LLCs). (2) An SLLC partitions its "assets, debts, obligations, liabilities, and rights among" separate series, or "cells." (3) Through this asset and liability segregation, the SLLC might provide the next business structure that helps businesses avoid bankruptcy and protect assets. (4)

GENRE
Business & Personal Finance
RELEASED
2010
22 June
LANGUAGE
EN
English
LENGTH
59
Pages
PUBLISHER
University of Iowa Journal of Corporation Law
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
342.2
KB

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