Series LLC

A Series LLC is a type of limited liability company that allows a single parent company to create multiple "series" or divisions within it. Each series can have its own assets, liabilities, and operations, separate from the others. This structure offers flexibility and potential cost savings, as each series can be managed independently while benefiting from the overall LLC's legal protections. It’s especially useful for businesses with multiple ventures or properties, as it simplifies administration and can help limit liability exposure across different parts of the business.