WebSep 5, 2016 · If the series LLC is to have internal limited liability (see Part II for a discussion of that term), Ind. Code 23‑18.1‑5‑3 requires the articles of organization for the master LLC to include “the notice of the limitation on liabilities of a series as required by [Ind. Code § 23‑18.1‑5‑1].” Ind. Code § 23‑18.1‑5‑1 provides: WebJul 6, 2024 · LLC Membership and Interest. July 6, 2024 Michael R. Smith. The limited liability company is a relatively new form of business entity, with most state statutes adopted in the 1990s. In just a few years, they overtook the corporation as the most common structure for new businesses. A reason for the LLC’s popularity is that the it combines ...
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