What is a Series LLC?

A series LLC is a form of LLC that allows a group of LLCs to be owned in a tiered structure. The top-tier LLC, or “parent LLC”, controls the “child series” or “sub-LLCs” below it. Owners of a series LLC can create an unlimited number of sub-LLCs. This form of LLC was created in Delaware in 1996 and has been adopted in several other states.