For a Series LLC (Texas) - Can I sell equity from one of the Cell LLC ( child company ), without selling equity of the entire Series LLC?
In other words, can I raise investments for one of the child companies within the Series LLC, and the other child companies and Master LLC remain untouched by investor?
Assuming you have set-up the correct documentation to date for the LLC and each series, correctly paper-up the transaction(s) you are proposing, are confident in the tax/accounting implications, and are aware of the risks to the extent any of the series may or will have assets in or conduct business with states that do not recognize series LLCs, you proposed transaction is doable.
Why not just create different LLCs so as to be sure to protect the other caompany? If there is any question at all that all the assets would be protected you should just create the separate entity because the cost is very low compared to the amount of protection you receive.
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