How to Create a Series LLC in North Carolina

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 North Carolina Allow Series LLCs?

As of the current date, North Carolina does not authorize the formation of Series LLCs under its state laws. The North Carolina 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.

North Carolina Series LLC Filing Fees and Costs

Since Series LLCs are not permitted, there are no specific fees for their formation. Traditional LLCs have a filing fee of $125 for the Articles of Organization.

North Carolina Franchise Tax and Series LLCs

North Carolina imposes a franchise tax on LLCs, but since Series LLCs are not recognized, each traditional LLC must comply with state tax reporting and payment obligations.

Additional Resources

• North Carolina Secretary of State
• Business Registration Division
• North Carolina General Statutes
• North Carolina Department of Revenue
• Contact Information

This article provides general information about North Carolina LLC formation requirements under the North Carolina Limited Liability Company Act. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.