The series limited liability company is quickly gaining popularity among real estate investors for many reasons. One common operational issue I’ve encountered representing real estate investors, software companies, and lenders that have made use of the series LLC structure is how to execute and acknowledge contracts. Below is the current signature block and acknowledgement I recommend using. Feel free to use this style and if you have recommendations for improving it please let me know in the comments below.
Series LLC Signature Block:
123 MAIN STREET, LLC,
an individual series of ACME HOLDINGS, LLC,
a Texas series limited liability company
By: ______________________
John Acme, Manager
Short-Form Corporate Acknowledgement:
STATE OF TEXAS §
COUNTY OF ___________ §
This instrument was acknowledged before me on August ___, 2013, by John Acme, the manager of 123 Main Street, LLC, an individual series of Acme Holdings, LLC, a Texas series limited liability company.
________________________________
Notary Public – State of Texas
Note:
- The recommended signature block does not conform to A Manual of Style for Contract Drafting § 5.25 (3rd ed. 2013) (stating “don’t note after the entity name the entity’s jurisdiction of organization–doing so just adds clutter, as that information is readily available elsewhere”). Until persuaded otherwise, I am of the opinion that stating the series LLC and master LLC information is a best practice when drafting signature blocks and acknowledgements for series LLCs.
