How to Create a Series LLC in Massachusetts

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among the series, providing liability protection for each series from the debts and obligations of the others.

Does Massachusetts Allow Series LLCs?

As of the current date, Massachusetts does not authorize the formation of Series LLCs under its state laws. The Massachusetts Limited Liability Company Act does not include provisions for Series LLCs, and therefore, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures.

Massachusetts Series LLC Filing Fees and Costs

As Series LLCs are not recognized in Massachusetts, there are no specific filing fees or costs associated with their formation in the state.

Massachusetts Franchise Tax and Series LLCs

Massachusetts does not impose a franchise tax on Series LLCs, as they are not permitted under state law. Businesses should consult the Massachusetts Department of Revenue for applicable taxes on traditional LLCs.

Additional Resources

• Massachusetts Secretary of State
• Massachusetts Business Division
• Massachusetts General Laws
• Massachusetts Department of Revenue
• Contact: (617) 727-9640, corpinfo@sec.state.ma.us

This article provides general information about Massachusetts LLC formation requirements under the Massachusetts General Laws. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.