{"id":838,"date":"2016-09-10T11:35:33","date_gmt":"2016-09-10T15:35:33","guid":{"rendered":"http:\/\/www.michaelsmithlaw.com\/blog\/?p=838"},"modified":"2023-11-28T13:36:54","modified_gmt":"2023-11-28T18:36:54","slug":"indiana-series-llcs-part-vi","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/","title":{"rendered":"Indiana Series LLCs, Part VI: Ownership structures"},"content":{"rendered":"<p>If you are not already familiar with series LLCs\u00a0or\u00a0with the new Indiana series LLC statute that takes effect on January 1, 2017, you may want to read the articles at\u00a0<a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-limited-liability-companies-part\">Part I<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-ii\">Part II<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-iii\">Part III<\/a>, <a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-iv\">Part IV<\/a>, and <a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-v\">Part V<\/a>.<\/p>\n<p>In the <a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-limited-liability-companies-part\">first<\/a> of these articles, I compared a series LLC to a parent LLC with subsidiary LLCs, and I stated that one difference between the two concepts is that a master LLC does not own its series in the same sense that a parent company owns its subsidiaries. Instead, the interest that makes up each series is held by persons who may or may not also hold interest in the master LLC or in other series. Although I believe that is commonly the way series LLCs are set up, I think it may be possible to set up a series LLC so that the master LLC does, in fact, hold part or all of the interest in its series. Let\u2019s look at four possible structures, using the example of a real estate developer than develops and owns three apartment buildings.<\/p>\n<p><span style=\"text-decoration: underline;\">Structure #1<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/\"  title=\"Continue Reading Indiana Series LLCs, Part VI: Ownership structures\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you are not already familiar with series LLCs\u00a0or\u00a0with the new Indiana series LLC statute that takes effect on January 1, 2017, you may want to read the articles at\u00a0Part I, Part II, Part III, Part IV, and Part V. In the first of these articles, I compared a series LLC to a parent LLC [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,18],"tags":[],"class_list":["post-838","post","type-post","status-publish","format-standard","hentry","category-limited-liability-companies","category-small-businesses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indiana Series LLCs, Part VI: Ownership structures &#8212; Indiana Business Law Blog &#8212; September 10, 2016<\/title>\n<meta name=\"description\" content=\"If you are not already familiar with series LLCs\u00a0or\u00a0with the new Indiana series LLC statute that takes effect on January 1, 2017, you may want to read the &#8212; September 10, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael R. Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indiana Series LLCs, Part VI: Ownership structures &#8212; Indiana Business Law Blog &#8212; September 10, 2016","description":"If you are not already familiar with series LLCs\u00a0or\u00a0with the new Indiana series LLC statute that takes effect on January 1, 2017, you may want to read the &#8212; September 10, 2016","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/","twitter_misc":{"Written by":"Michael R. Smith","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/#article","isPartOf":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-series-llcs-part-vi\/"},"author":{"name":"Michael R. 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