How to Create a Series LLC in Washington DC

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 Washington DC Allow Series LLCs?

As of the current legislative framework, Washington DC does not authorize the formation of Series LLCs. The District of Columbia's LLC statutes do not include provisions for Series LLCs, which are recognized in some other jurisdictions. Therefore, businesses seeking to form a Series LLC must consider alternative jurisdictions that permit such structures.

Washington DC Series LLC Filing Fees and Costs

While Series LLCs are not available in Washington DC, typical costs in jurisdictions that allow them include formation fees for the master LLC and additional fees for each series.

Washington DC Franchise Tax and Series LLCs

In jurisdictions with Series LLCs, each series may be subject to franchise taxes and reporting requirements. Washington DC does not currently impose these on Series LLCs due to their unavailability.

Additional Resources

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