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If you are a business owner and are thinking of starting or purchasing more than one business, you may want to find out more information about the Delaware Series LLC. Likewise, if you are a property owner and want to purchase more than one property, you may also want to learn about the Delaware Series LLC. This is an entity created by the Delaware legislature to help business owners and property owners with liability issues that can arise when multiple businesses or properties are owned by the same company. Under the Delaware law set up with this LLC, any liability incurred by one entity doesn’t affect or put in jeopardy the other businesses, properties or assets. Many states have a somewhat similar law in place, but the Delaware Series offers the most protection and is more economical.
The Delaware Series has to be operated out of the state of Delaware, however the businesses and properties can be in any other state without a problem. This allows people who do not live in Delaware to still set up and operate under the Delaware Series LLC. If you are thinking about or if you already own more than one business or property this may be the tool you have been looking for. It can certainly simplify things for you when it comes to doing bookwork and taxes and this type of thing for your companies.