Law & Policy

፨ Legal Entities for Web3 & DAOs 🎙️Host of Just DAO It! Podcast 💼 Founder of MIDAO 🟪 Purple 🏴 bDAO nf.td/thethriller

Series LLCs are a “type/group” of LLC. 

They give you everything a standalone LLC does:
- Limited Liability
- EINs + Bank Accounts
- Distinct Entites
- Own members and taxes

This concept of “Series” is also heavily followed by AngelList!

Let’s ask the lawyers. Would you ever tell someone a Series LLC gives you all these things, without a million caveats? And would you just call it “an LLC” when telling people about it?

፨ Legal Entities for Web3 & DAOs 🎙️Host of Just DAO It! Podcast & /daos Channel 💼 Founder of MIDAO 🟪 Purple 🏴 bDAO nf.td/thethriller

Adam for all intents and purposes it's an LLC the Master is not a Member of any of the Series so they're stand-alone in that they have their own asset and liabilities and are protected from whatever may happen to the other series and with the master itself.