How to Create a Series LLC in West Virginia

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, providing liability protection across different series under the umbrella of a single parent LLC.

Does West Virginia Allow Series LLCs?

As of the current date, West Virginia does not authorize the formation of Series LLCs under its state laws. The West Virginia Code does not include provisions for Series LLCs, and therefore, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures.

West Virginia Series LLC Filing Fees and Costs

Since Series LLCs are not permitted in West Virginia, there are no specific filing fees or costs associated with their formation in the state.

West Virginia Franchise Tax and Series LLCs

West Virginia does not impose a franchise tax on Series LLCs, as they are not recognized under state law. Businesses should consult the West Virginia State Tax Department for information on applicable taxes for traditional LLCs.

Additional Resources

• West Virginia Secretary of State
• Business Division/Formation Page
• West Virginia Code
• West Virginia State Tax Department
• Contact Information: Phone: (304) 558-8000, Email: business@wvsos.gov

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