A Delaware Series LLC is the juridical entity that has the power to establish, internally, an unlimited number of protected series with internal asset protection shields. Each protected series is a separate person. Members associated with the company have the power to designate assets into protected series and designate members associated with each particular series they internally establish from time to time. Once established, so long as asset records are maintained, each pool of assets is “ring fenced” apart from the assets of other series. This restricts the remedies of a creditor of one protected series from collecting against either the company or other protected series therein. If the members decide to file the protected series with the secretary of state, it is known as a registered series. The registered series have the same asset protection of protected series, but registered series have the added feature that each may be a registered organization for ease of separate UCC financing statements allowing for separately secured loans against each pool of assets.
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