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Tag: Series LLC
Gift-Tax Planning With Series LLC Cells in Texas
Introduction Texas founders and high-net-worth individuals frequently utilize gifting strategies to reduce federal estate tax exposure, but without proper structuring, gifts can trigger unnecessary taxes or lose asset protection. Inexperienced advisors may overlook the advantages of series LLC cells for segregating gifted assets, leading to inefficiencies or compliance issues. Are you using series LLCs to […]
Creating a Texas Series LLC Operating Agreement (Tax Clauses)
Texas Series LLC Operating Agreement A well-drafted Operating Agreement is vital for a Texas Series LLC to define governance, asset protection, and—critically—tax allocations among the master LLC and its individual series. Including clear tax-related provisions ensures each series maintains its liability shield while complying with federal and state tax requirements. Relevant Code & Tax References […]
Series LLCs in Texas: One Return or Many?
Series LLCs in Texas Texas Series LLCs allow asset segregation into “series” under a master LLC, simplifying formations and liability shields. A common question is whether each series must file its own Texas franchise-tax report or if the master LLC can file just one consolidated return. Relevant Tax & Code References Texas Tax Code §171.101 […]