What is Series LLC? Definition, requirements, and how it applies to your business formation. Learn everything about series limited liability company for LLCs and corporations.
# Series Limited Liability Company
A Series LLC is a unique LLC structure that allows a single parent LLC to create multiple internal 'series,' each with its own assets, members, and liability shield. Debts and obligations of one series cannot be enforced against another series or the parent LLC, provided proper separation is maintained.
Series LLCs are recognized in approximately 20 states including Delaware, Illinois, Texas, and Nevada. They are most commonly used by real estate investors holding multiple properties, where each property occupies its own series.
Lovie supports Series LLC formation in all states that recognize the structure, with guidance on maintaining the strict separation between series that courts require.