Virginia Series LLC: one entity, many protected series.
Virginia statutorily authorizes the Series LLC . a master LLC that contains multiple internal series, each with its own assets, liabilities, members, and managers. Properly maintained, each series is liability-protected from the others. Common in real estate, fund management, and multi-brand operating businesses.
Form a Virginia Series LLC →When a Virginia Series LLC makes sense
- Real estate portfolios. Each property held in its own series. Liability on Property A does not reach Property B.
- Fund management. Multiple investment vehicles under one umbrella.
- Multi-brand businesses. Distinct brand lines isolated from each other.
- Family wealth structures. Different beneficiaries assigned to different series.
- Cost efficiency. One formation fee, one annual report (in most cases), many separated risk pools.
Care required to preserve series protection
A Virginia Series LLC only delivers inter-series protection if maintained correctly. Common failures collapse the structure:
- Separate accounting + bank accounts for each series.
- No commingling of assets, debts, or member interests.
- Notice to creditors: contracts and signatures must identify the specific series.
- Tax treatment: federal classification of each series is unsettled; consult a CPA.
Frequently asked questions
Is the Series LLC available in Virginia?
How much does it cost to form a Virginia Series LLC?
Does each series file its own annual report in Virginia?
Are Series LLCs respected in non-Series-LLC states?
Does each series need its own EIN?
Can a foreign-formed entity form a Virginia Series LLC?
Does File.Business form Series LLCs?
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Disclosure. File.Business is a private business filing and compliance service. We are not a government agency and are not affiliated with the Virginia SCC or any Secretary of State office. You may file directly with the Virginia SCC. Information on this page is for general guidance only and is not legal, tax, or accounting advice. Fees and deadlines verified against the Virginia SCC as of June 2026 and may change. For entity-specific guidance, consult a licensed Virginia attorney or CPA.