Illinois Series LLC - Everything You Need to Know

If you are an entrepreneur in Illinois, a Series LLC may be the right legal structure for you, especially if you own more than one company or are a real estate investor.

A Series LLC operates similarly to a company with subsidiaries. It has a Master LLC, also known as the umbrella or parent company, but can also create any number of constituent cells underneath the Master LLC, referred to as “series”. Essentially, this allows businesses to have the liability of an LLC with the operational and tax flexibility of a partnership. Much like a regular LLC, the members (also known as owners) are not personally liable for business debts or lawsuits created by the Master LLC or any series.

Download my The Ultimate Guide to the Illinois Series LLC guide to understand how this amazing business structure can save you money and provide you with incredible corporate flexibility. Both of which savvy business owners want and need as they grow. This guide is meant to be your one-stop, all-in-one, everything you need to know resource for the Illinois Series LLC.