What to Do with Series LLCs: Filing Reports and Taxes

📝Series LLCs can be categorized into protected series and registered series based on the time of formation.

💼Protected series are treated as DBAs for the main original entity, while registered series are considered as separate entities.

💡When reporting protected series, the original name is reported along with each DBA in the same report.

🚩Consider separate filings for each registered series, especially if they have different taxpayer identification numbers.

⚠️There is no clear instruction on how to handle protected series with separate taxpayer identification numbers.

What is the difference between protected series and registered series?

—Protected series were formed before January 1, 2022, and are treated as DBAs for the main entity. Registered series are created after June 1, 2022, and are considered separate entities.

How do I report protected series?

—When reporting protected series, you include the original name and each DBA in the same report.

Do I need separate filings for registered series?

—Yes, it is recommended to make separate filings for each registered series, especially when they have different taxpayer identification numbers.

What if I have separate taxpayer identification numbers for protected series?

—There is no clear instruction on how to handle protected series with separate taxpayer identification numbers. It is best to consult with a professional or seek advice from the relevant authorities.

How do I determine whether a series LLC is protected or registered?

—The time of formation determines whether a series LLC is protected or registered. LLCs formed before January 1, 2022, are considered protected series, while those formed after June 1, 2022, are registered series.

00:00Series LLCs have separate entities called protected series and registered series.

00:19Protected series were formed before January 1, 2022, and are treated as DBAs for the main original entity.

00:32When reporting protected series, the original name and each DBA are included in the same report.

01:31Registered series are created after June 1, 2022, and are considered separate entities.

01:46For registered series, it is recommended to make separate filings for each series, especially if they have different taxpayer identification numbers.

02:06There is no clear instruction on how to handle protected series with separate taxpayer identification numbers.

02:08It is best to consult with a professional or seek advice from the relevant authorities regarding protected series with separate taxpayer identification numbers.

02:15The time of formation determines whether a series LLC is protected or registered.