Series LLCs are a type of LLC that allows a single company to create separate series or cells within the company that have their own liability protection. This means that each series can have its own assets, income, and debts separate from the others, and the liability of each series is limited to its assets. planning.

Series LLCs are often used in real estate investment, where each property can be managed as its own separate series. In terms of taxes, each series of a Series LLC can be taxed as a separate entity, or the entire Series LLC can be taxed as a single entity, providing flexibility in tax.