The Limited Liability Company and the Series LLC (Update)

The Limited Liability Company (LLC) and the Series Limited Liability Company (SLLC) are two of the hottest concepts in business law today. Gone are the years when a business only had to choose between an S Corporation or Sole Proprietorship for a business form. These two dynamic forms of business are recognized by the IRS and are gaining momentum in many states today.  

In this program, join attorney and CPA Roman Basi to discuss these two types of entities. Here, he'll address the differences between some of the states' laws, as well as the differences in organization, liability protection, and taxation.

Learning Objectives:

1. Grasp the historical and current significance of an LLC
2. Distinguish between an LLC and a:
   • Sole Proprietorship
   • Partnership
   • C Corporation
     
3. Define the Series LLC, including:
   • What it is
   • The liability protection it creates
   • The difference between Notice State and Non-Notice State
   • Taxation issues