Delaware permits Series LLCs. How they compare to Wyoming Series LLCs and when to choose Delaware for series.
By Shafwan Ahmed, Anonymousllc.co
Delaware authorizes Series LLCs under 6 Del. Code § 18-215. Like Wyoming\'s Series LLC, each series can hold separate assets with separate liabilities. A lawsuit against one series does not reach the assets of other series or the parent LLC. Delaware was actually the first state to authorize Series LLCs in 1996, giving it deeper case law on series liability isolation.
Both states offer Series LLCs with liability isolation. Delaware has deeper case law (pioneered the concept). Wyoming has lower cost ($547 vs approximately $700+ for Delaware series). Delaware\'s $300 annual franchise tax applies to the parent LLC — individual series do not pay separate franchise taxes. For cost-sensitive investors, Wyoming Series LLC is usually more practical.
Choose Delaware Series LLC when: you are pairing with VC-track operations, your attorney specifically recommends Delaware jurisdiction for the series structure, or you want the deepest case law on series liability isolation. For most real estate portfolios and holding company structures, Wyoming Series LLC achieves the same result at lower cost.
Series inherit the parent LLC\'s anonymity. Only the parent LLC appears on Delaware state records. Individual series are created through the operating agreement — a private document. Title records for properties held by individual series show the series name (e.g., \"Parent LLC - Series A\"), not the owner\'s name.
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