Missouri HB2508 allows series of limited liability companies to be searchable and obtain certificates of good standing.

Missouri HB2508 modifies the state's business entity laws to allow series within limited liability companies (LLCs) to be individually searchable and maintainable on the Secretary of State's business services website. Each series can obtain a stand-alone certificate of good standing, similar to non-series entities. The bill ensures that the debts, liabilities, and obligations of a particular series are enforceable only against the assets of that series, not against the assets of the LLC generally or any other series.

Missouri HB2508 allows series of limited liability companies to be searchable and obtain certificates of good standing.

Missouri HB2508 modifies the state's business entity laws to allow series within limited liability companies (LLCs) to be individually searchable and maintainable on the Secretary of State's business services website. Each series can obtain a stand-alone certificate of good standing, similar to non-series entities. The bill ensures that the debts, liabilities, and obligations of a particular series are enforceable only against the assets of that series, not against the assets of the LLC generally or any other series.