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Lake, R. (2022, June 26). How millennials are changing the housing market. Retrieved from https://www.investopedia.com/ personal-finance/how-millennials-are-changing-housing- market/ August 1, 2022 Business Article: COMING TOGETHER IS THE B THER IS THE BEGINNING, KEEPING TOGETHER IS PROGRESS, AND W GRESS, AND WORKING TOGETHER IS THER IS SUCCESS A series LLC, formed under Texas law, is an LLC that provides in its governing documents for the establishment of a series of members, managers, membership interests, or assets that have separate rights, obligations and liabilities and business purposes from the general LLC. Each individual series has the ability to sue and be sued, enter into contracts, hold title to assets, and grant liens or security interests in its assets. In organizing a Texas Series LLC, you must complete and file the Certificate of Formation with the Texas Secretary of State. This is the same form submitted by an ordinary Texas limited liability company, but a Texas Series LLC’s Certificate of Formation must include an additional provision called the Notice of Limitation on Liabilities of Series. Since each series of your Texas Series LLC will presumably operate under a different name from the parent organization, you will need to file a Texas Assumed Name Certificate (Form 503) for each series. For a Texas Series LLC, the assumed name certificate requires the following information: The assumed name of the series of your Texas Series LLC; The legal name of your Texas Series LLC (the parent organization); Your entity type; The file number your organization received from the Texas Secretary of State (if any); The state, country, or jurisdiction where your Series LLC was formed; The address of your Series LLC’s principal office; The period of duration during which the
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