Financial Statements and Series LLCs

[Jack Grove]

While researching the best options for incorporating I have found that a Series LLC in Texas is an easy and viable option. If I am not mistaken, in order to maintain asset protection the financials for each "child series" need to be clear, concise, and separate - meaning I will need to track financial statements for each series. Aside from the standard three statements (cash flow, balance, and income) what other documents will need to be tracked to maintain protection for each child series?

Also, is there a good place to look for obtaining the necessary statements? Or will I need to create my own statement on excel? 
 

[Pauline Zhao]

@Jack Grove

For buy and hold investors I recommend Stessa, it is free of charge and more flexible than Quickbook.