Continental Resources

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Business Finance

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Company: Continental Resources

Question:

How claims are handled for serial LLC’s, How claims for workers compensation are handled?

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Running head: SERIES LLCs

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Running head: SERIES LLCs

How claims are handled in serial LLC’s
A serial LLC refers to a type of business ownership which is recognized by all U.S states where the
articles of formation particularly permit members’ interests, assets and operations not to be separately
limited into independent series. A business entity uses series LLC because it is very flexible and easy to
use. Estate investors who own various properties can use it. Every series separates and shields its
properties from the liabilities which might be generated in other series. Also, companies which have
distinct profit centers can make use of series LLCs to isolate and protect operations of each business.
Each series is treated as a segregate company in order to maintain protection of liability. This can be done
by having a different bank account, keeping records and books separately, using the name of the series to
sign a contract...


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