Limited liability companies; permit creation of protected series and registered series

Summary

The bill adds a new article to Georgia’s LLC code so that a limited‑liability company can form distinct series—either by its operating agreement (protected series) or by filing with the Secretary of State (registered series). Each series can own property, incur debts, and make distributions independently, while members are generally not personally liable for a series’ obligations. It matters because it gives businesses more flexibility to compartmentalize risks and investments within a single LLC.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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