maintain separate records for the assets of each series, as required in sections 101.601-101.621 of the Texas Business Organizations Code (BOC, n.d.).
Once preparation has been established, Fornesa Enterprises LLC as a Texas Series LLC will focus on the implementation stage. Each Sub-Series will be comprised from three (3) to five (5) members as investors and will start evaluating prospective properties. They will evaluate and gather information about the neighborhoods they want to concentrate. They will review a checklist that will help them analyze the target neighborhoods. The objective is to look for a property that can become a cash flowing asset. Every property is owned by a particular sub-series
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