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A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
The L3C structure was designed by Robert M. Lang, Jr., who was the CEO of a New York-based family foundation. [4] Lang developed the structure as a way for foundations to clear tax and regulatory hurdles when it came to donations. With the first L3C statute being enacted in 2008, L3Cs are considered a relatively young legal form of business ...
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In 2011, La Quinta gave up on pay-per-view in-room entertainment to focus on letting customers use their own devices. [citation needed] In 2012, La Quinta launched the Instant hold option, allowing customers to make last-minute reservations with their phone numbers. [8] In 2013, Blackstone started to pave the way for the sale of La Quinta. [9]
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