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Questions Answered by Jason Braswell
1 Answer | Asked in Business Formation for Hawaii on
Q: I read about "Series LLC"which allows one to set up one or more series of assets w/i a single LLC. Is this aval in Hi?

In an Series LLC, the business and assets of each series can be managed and operated separately (can have separate owners/mgrs, separate operating agreement that specifies a separate division of profits and losses, even separation of legal liability between each series w/i an LLC. Apparently a... Read more »

Jason Braswell
Jason Braswell answered on Apr 19, 2017

Hawaii law does not currently provide for series LLCs. If you wanted to use Hawaii LLCs, you would have to form multiple LLCs, which you could then stack under a holding company if you wanted. Alternatively, you could always just form your LLCs in a jurisdiction that allows series LLCs, e.g.,... Read more »

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