In 1996, Delaware was the first state to adopt a series limited liability company statute. Since then, 12 additional states, the District of Columbia and Puerto Rico have as well. 1 Each of these 15 jurisdictions has its own unique series LLC statute. The lack of uniformity across these jurisdictions–including the growing popularity and use of the series LLC form–prompted the Uniform Law Commission (“ULC“) to form a Commit

This post links to most of the leading scholarship and thought leadership on the series limited liability structure (and it is continually updated). Through the Looking Glass: Series LLCs in 2015 by Allen Sparkman (April 7, 2015) (SSRN link). The Internal Affairs Doctrine and Limited Liability of Individual Series within a Series LLC by Thomas E. Rutledge (June 1, 2015) (SSRN link). Series of Unincorporated Business Entities: the Mobius Strip and

Many new real estate investors contact me about forming a series LLC after they have signed a contract to purchase their first real estate investment. That in-and-of-itself is not a problem. The problem is that nearly all of these contracts are in the purchaser’s individual name which, more often then not, causes problems as closing approaches. Here’s how to avoid pre-closing headaches. Most residential real estate transactions in Tex

For the third year in a row, Bradley B. Clark has earned the AV Preeminent® rating from Martindale-Hubbell® which is the highest possible rating for both ethical standards and legal ability. For more than 130 years, lawyers have relied on the Martindale-Hubbell AV Preeminent® rating while searching for their own expert attorneys. Now anyone can make use of this trusted rating by looking up a lawyer’s rating on Lawyers.com or martindale.com. The M

The Bradley B. Clark Law Group, P.C. is proud to announce that in addition to being named to the 2014 “Texas Super Lawyers” List, Bradley B. Clark has been named to the 2015 “Texas Super Lawyers” list published by Super Lawyers – a Thompson Reuters publication rating service. According to Super Lawyers, inclusion is based on a highly selective process comprised of detailed and comprehensive peer nominations, evaluations and research –

We are pleased to announce that Bradley B. Clark is featured in the 2015 Super Lawyers Business Edition. Super Lawyers Business Edition is an annual resource that serves as the go-to guide for general counsel and executives in charge of making critical law-firm hiring decisions. This publication features the top law firms of all sizes throughout the United States who specialize in business, construction, real estate, employment, intellectual prop

We are pleased to announce that Bradley B. Clark is featured in the 2014 Super Lawyers Business Edition. Super Lawyers Business Edition is an annual resource that serves as the go-to guide for general counsel and executives in charge of making critical law-firm hiring decisions. This publication features the top law firms of all sizes throughout the United States who specialize in business, construction, real estate, employment, intellectual prop

A common question I am asked is What is the purpose of a series LLC? In my opinion there are two primary purposes of a series LLC. The first is to allow the creation of separate entities inside an LLC without having to create separate LLCs. Each of these series entities have their own independent existence for ownership and liability purposes as if each was a separate LLC. (Many commentators neglect to recognize the independent ownership nature o

Bradley B. Clark has earned the AV Preeminent® rating from Martindale-Hubbell® which is the highest possible rating for both ethical standards and legal ability. For more than 130 years, lawyers have relied on the Martindale-Hubbell AV Preeminent® rating while searching for their own expert attorneys. Now anyone can make use of this trusted rating by looking up a lawyer’s rating on Lawyers.com or martindale.com. The Martindale-Hubbell® AV P

One of the frequently asked questions we get by real estate investors about setting up a series LLC in Texas is how to name the LLC and each of the individual series. Some attorneys recommend using “Series 1” or “Series A” but we suggest a different approach. The biggest problem with using the alphabet is that you do not have an infinite number of letters available to you (and we have worked on series LLCs with more than 2

Bradley B. Clark, a 2014 Texas Super Lawyer and a 3-time Texas Rising Star in business litigation will be featured in the 2014 Super Lawyers Business Edition. Mr. Clark was chosen for his mastery of business litigation and business transactions. The 2014 Super Lawyers Business Edition will be published in November 2014 to more than 55,000 executives and 9,000 top law firms.

The College of the State Bar of Texas FOR IMMEDIATE RELEASE June 25, 2014 Contact: Merianne Gaston, 512.427.1819 or 800.204.2222 x 1819 The College of the State Bar of Texas Welcomes Bradley B. Clark AUSTIN – The College of the State Bar of Texas congratulates Bradley B. Clark on his membership in the College. Bradley B. Clark is an accomplished litigator and is recognized as both a Texas Super Lawyer and a Texas Rising Star in business litigatio