IRS Issues Proposed Rules Regarding Series LLCs and Cell Companies


On September 13, 2010, the Internal Revenue Service (“IRS”) and Treasury Department issued proposed regulations regarding the classification for Federal tax purposes of a series of a domestic series limited liability company (“LLC”), partnership, or trust; a cell of a domestic “cell company” (as defined below); or a foreign series or cell that conducts an insurance business.1

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Published In: Business Organization Updates, Finance & Banking Updates, International Trade Updates, Securities Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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