If you would like to form multiple companies, have the limited liability protection of a corporation, yet pay only one filing fee per year to the Nevada Secretary of State, consider the formation of a “series” LLC.
Many states, including Nevada, in an attempt to encourage the formation of business entities, have adopted legislation authorizing series LLC’s. Simply stated, all you need to do is file a form set of Articles of Organization with the Nevada Secretary of State and check the box upon such form allowing the LLC to have series. Thereafter, as long as each series established thereunder maintains a separate legal existence (an Operating Agreement for each such series is highly recommended), i.e., has its own assets, liabilities, owners (members) and separate financial records, only the master LLC need file a renewal of its Annual List and State Business License. Nothing need be filed or paid by any of the LLC’s series entities.
Call me regarding the formation of LLC’s (series or otherwise) and to prepare the documentation necessary to not only conduct business, but also insulate yourself from personal liability.
