Liability protection for Series LLC (CT)

[Sam K.]

Does individual LLCs under 1 Series LLC have liability protection from each other? I am getting conflicting answers on this and wanted some clarification. If the individual LLCs under 1 Series LLC are not protected from each other, what is the advantage of forming the Series LLC in the first place'? Why not just have all properties under 1 LLC, and form a 2nd LLC once equity in the 1st LLC gets too much to cover?

[Cathy Karowski]

My understanding is that a series LLC (Master LLC) does not have other LLCs under it, rather it has independent series. The articles of formation for the Master LLC specifically allows for unlimited segregation of membership interests, assets, and operations into independent series. Each series operates like a separate entity. Each series may enter into contracts, sue or be sued, and hold title to real and personal property. Separate books and records must be maintained for each series and each series may have different members and managers. Assets owned by one series are shielded from the risk of liability of other series within the same series LLC. There are many aspects to consider, especially specific state and I too have found a great deal of conflicting information. I just keep researching.