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Chaitenya Gupta pfp
Chaitenya Gupta
@chait
Recast: Based Entity Formation 🖼️ Spin up an onchain LLC, starting at just $49 - select your jurisdiction, and incorporate! https://frame.otoco.io/api Tx's ⚡ by: @base 🔵
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TheThriller 🎩 Adam Miller pfp
TheThriller 🎩 Adam Miller
@thethriller
Why you calling them LLCs when they’re really Series LLCs 😭 not nice
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Chaitenya Gupta pfp
Chaitenya Gupta
@chait
More here as well https://www.ftb.ca.gov/file/business/types/limited-liability-company/series-limited-liability-company.html#:~:text=A%20series%20LLC%20is%20a,its%20own%20debts%20and%20obligations.
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TheThriller 🎩 Adam Miller pfp
TheThriller 🎩 Adam Miller
@thethriller
Yeah, exactly. So you’re selling people LLCs that are owned by your LLC, according to the language of that very screenshot. It’s not like they don’t have any use case, but it’s ridiculous to say they’re pretty much LLCs. 
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Chaitenya Gupta pfp
Chaitenya Gupta
@chait
I think it comes down to preference really LLC typically stands for an entity with Limited Liability. Whether one uses, protected series, registered series, standalones is all legal jargon. But our docs at docs.otoco.io as well as as our website mentions it clearly before the spin-up
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