When to Setup a Series LLC | 2024

Summary

This video by Karlton Dennis explains Series LLCs as a legal structure that separates business assets and liabilities into different "series" under one master LLC. This is beneficial for business owners with multiple operations or locations to mitigate risk and ensure liabilities from one venture don't impact others. The video details what a Series LLC is, who should consider one, how to set it up (including crucial steps like naming and filing articles of organization), how taxes work, and important maintenance considerations. It also lists states that recognize Series LLCs and highlights that legal and tax professional advice is recommended.