Illinois Series LLC: one entity, many protected series.
Illinois statutorily authorizes the Series LLC . a master LLC that contains multiple internal series, each with its own assets, liabilities, members, and managers. Properly maintained, each series is liability-protected from the others. Common in real estate, fund management, and multi-brand operating businesses.
Form a Illinois Series LLC →When a Illinois Series LLC makes sense
- Real estate portfolios. Each property held in its own series. Liability on Property A does not reach Property B.
- Fund management. Multiple investment vehicles under one umbrella.
- Multi-brand businesses. Distinct brand lines isolated from each other.
- Family wealth structures. Different beneficiaries assigned to different series.
- Cost efficiency. One formation fee, one annual report (in most cases), many separated risk pools.