RE Taipan
Contributor
AroundTheWorld:
The Series LLC is an LLC hybrid that actually functions like more than one LLC. Let's say you have 4 apartment buildings and want to keep them all separate for asset protection purposes. You could have 4 different LLCs, with four different tax returns, four different filing fees (an issue in California, for example). The Series LLC would allow you to set up one Series and have each apartment building separate. But, it only counts as one LLC for filing.
Diane...from what you have said, this sounds something akin to the purpose a division could serve for a corporation -- would that be a fair analogy?
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