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What is a Series LLC?

	The Series LLC essentially is a single umbrella LLC entity with separate "series" or "cells" created within the LLC all living under one roof.
	The Delaware Series LLC has the ability to partition its assets and liabilities among various LLCs or "series" and is by far the most sophisticated form of business entity created. .
	Each sub-LLC may have different assets, economic structures, members, and managers.
	The Series LLC is an innovative concept that was created by the State of Delaware approximately nine years ago, but has just now been receiving more attention.
	The profits, losses, and liabilities of each Series are legally separate from the other Series, thereby creating a firewall between each Series.
	It eliminates the administrative burden and expense of forming multiple LLCs and filing multiple tax returns.
	The structure is similar to a parent corporation with subsidiaries only without the expense, formalities, and heavy taxation.

llc in delaware

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Purchasing an airplane or a new yacht? Are you aware that all of your personal assets are in jeopardy if you do not own your new or used aircraft as an individual or as a partnership? To shield yourself from total financial disaster take advantage of the limited liability offered by a Delaware Corporation or a Delaware Limited Liability Company. Owning an aircraft or a boat in this manner can offer you asset protection, privacy and tax savings. Once you have made the decision click here for our secure credit card application. See our Trustee Agreement for International Client Ownership.

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