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Why the Delaware Series LLC Is Designed for Investment Companies The Delaware Series LLC is a good fit for investment companies because it offers flexibility and protection. Investment companies have engaged in segregating classes of assets into separate funds as far back as the mid 20th century. They first used vehicles known as statutory trusts. […]

Series LLC Record-Keeping Requirements Series LLC laws clearly outline the conditions for maintaining records of associated assets. The most important condition is that internal records effectively keep the assets of each protected series separate from one another. Records must objectively describe an asset, distinguishing it from those associated with other protected series, or the parent […]

What Is A South Dakota Series LLC? South Dakota used the Illinois Series LLC as the model for its own Series LLC law. The statute allows a Series LLC to own assets either in its own name, or through one of its protected series. South Dakota requires additional filings to be made in order to […]