assumed name will be used (which can’t exceed 10 years from the date of filing); and The Texas counties where the series using the assumed name will do business. Although registered series are a new concept in Texas, it is anticipated that they will provide more overall commercial functionality and utility than ordinary series. For one thing, registered series will be publicly filed. Although not a separate legal entity unto itself (previous law is not altered in this respect—see BOC Sec. 101.622), a registered series at least approaches the same level of publicly-recorded validity and reliability as does the LLC at large. This requirement of public filing should eliminate the doubt that previously worried lenders, title companies, and transactional parties as to whether or not a particular series had been properly formed, or even whether or not it legally existed at all. The transactional solution in prior times was to rely upon a company resolution stating that a certain series is duly established and authorized to engage in the subject transaction, since a certificate of good standing (called a “certificate of fact” in Texas) was not obtainable as to individual series. This has changed. The secretary of state may now issue a certificate of fact confirming the lawful existence of a series. However, “the secretary of state may not issue a certificate of fact confirming the existence of a registered series if the limited liability company has ceased to be in existence.” BOC Sec. 101.625 (d). This is true because a series cannot stand alone in the absence of a valid underlying limited liability company. After June 1, 2022, registered series will therefore probably be the preferred choice of lenders and title companies when presented with the prospect of doing business with an individual series rather than the company at large (Willis, 2022). After June 1, 2022, the certificate of registered series requires that registered series be expressly named, one must now pay more attention to the naming of individual series. Existing practice has been somewhat loose in this area, with series being named “ABC
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