Executive Summary: Starting July 1, 2026, Florida will allow Series LLCs, letting a single LLC hold multiple protected divisions under one umbrella. Each series can have its own assets, members, and liabilities, making this ideal for real estate investors, multi‑business entrepreneurs, and investment groups. The liability protection works, but only if you comply strictly with record keeping, statutory naming, and series‑specific accounting.

Florida is about to make a big change for business owners. Starting July 1, 2026, the state will allow the creation of Series LLCs, adding new flexibility and protection for investors, real estate owners, and entrepreneurs. Here’s what you need to know.

What Is a Series LLC?

A Series LLC is a special type of limited liability company that creates separate “units” (called protected series) under one parent LLC. Think of it like a main company with smaller sub-companies inside it. Each protected series operates on its own with separate assets, separate liabilities, and even separate members or managers.

Key Features:

• Liability Segregation: If one series gets sued or has debt, the others usually aren’t affected.
• Administrative Efficiency: You don’t need to set up (and pay for) a new LLC for each business or property.
• Operational Flexibility: Each series can have its own owners, managers, assets, and business purpose.

Why It’s a Big Deal for Florida

Before this law, Florida didn’t allow Series LLCs. That meant businesses often had to form separate LLCs, each with its own paperwork, fees, and management for each venture or property.

Now, with CS/SB 316 and CS/HB 403, Florida joins states like Delaware, Texas, and Illinois that offer this structure. More importantly, Florida is doing it right, with a clear legal framework based on the Uniform Protected Series Act.

This move makes Florida more competitive for real estate investors, family offices, and multi-venture entrepreneurs who want asset protection without the administrative headache.

How the New Law Works

📄 Formation & Naming

• A Florida LLC can establish one or more protected series by filing a Protected Series Designation with the Florida Department of State.
• Each series must use a name that:
  • Begins with the parent LLC’s name, and
  • Includes “protected series,” “P.S.,” or “PS.”

🔧 Operations & Governance

• Each series can have its own members, managers, assets, and liabilities.
• Each series must keep clear, separate records showing which assets and debts belong to that series. If you don’t, courts may allow creditors to go after assets in other series or even the parent LLC.

🛡️ Liability Protection

• The law provides horizontal liability protection:
  • Debts of one series stay with that series.
  • The parent LLC isn’t liable for the debts of any protected series.
  • One series can’t be held responsible for another’s obligations.

📝 Annual Reporting

• The parent LLC must list all protected series in its annual report to the state.

⚠️ Transaction Restrictions

• Series LLCs in Florida can’t merge into other types of business entities.
• They can only merge with other LLCs, and the resulting entity cannot be a newly created company.

🌎 Recognition of Foreign Series LLCs

• Florida will recognize out-of-state Series LLCs that want to do business in Florida, which is good news for multi-state businesses.

Who Benefits from Series LLCs?

🏠 Real Estate Investors

• Put each property in its own series.
• If there’s a lawsuit involving one property, it won’t affect the others (if records are properly maintained).

🚀 Entrepreneurs with Multiple Ventures

• Separate your different businesses into distinct series.
• Lower administrative cost and reduce liability exposure between businesses.

👨‍👩‍👧 Family-Owned Businesses or Investment Groups

• Allocate specific assets or investments into different series, with different family members or groups managing each.

What You Should Do Next

Florida’s Series LLC law is a useful tool, but only if it’s used properly. Keep these steps in mind:

• Keep detailed and separate records for each series.
• File proper designations with the state.
• Make sure each series has clear naming and documentation.
• Consult legal and tax advisors before setting up this structure.

📞 Want to explore if a Series LLC is the right move for your Florida business or real estate portfolio?

Gulati Law helps clients evaluate, form, and structure Series LLCs the right way. Reach out today to protect your assets and simplify your operations.