The Limited Liability Company and the Series LLC (Update)

(277 Ratings)

Produced on: November 21, 2017

Course Format On Demand Audio

Taught by


Course Description

Time 60 minutes
Difficulty Beginner

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


Roman Basi

The Center for Financial, Legal & Tax Planning, Inc.

Roman Basi graduated from Millikin University in 1997 with a Bachelor’s of Science Degree. In addition, Roman holds a Master’s in Business Administration and Juris Doctor from Southern Illinois University. Roman is a licensed Attorney in the states of Illinois, Missouri and Florida. Roman is a licensed Real Estate Broker in the State of Illinois. Roman is also a licensed Title Insurance Agent with Attorney Title Guaranty in Illinois. He is currently working towards obtaining his CPA license.

Roman has been published in the following trade journals:

   * Illinois State Bar Association - Section on Federal Taxation

   * Productivity

   * Agency Sales

   * Industrial Distribution

   * Supply House Times

   * Distributor Link

   * I.D.A. Management Journal

Roman is a member of the following organizations:

   * Illinois Bar Association

   * Federal Taxation Section Council

   * Florida Bar Association

   * National Association of Realtors

   * Illinois Association of Realtors

   * Egyptian Board of Realtors

   * Marion Chamber of Commerce

   * Marion Main Street


Jaclyn C.

informative `

Chris T.

good speaker

Harvey K.


William O.

Son of Bart. Excellent

Steven J D.

Great Guy!

Steven R.

great program!!!

Rick R.

Quick overview of topic- well done

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$ 59 Tax Law, Business, Corporate, & Securities Law, and Law Practice Management In Stock


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