10/05/2026
Since July 1, 2026, one Florida LLC can hold separate "compartments" for separate assets. Florida calls them protected series.
The basics (ss. 605.2101-605.2802, Fla. Stat.):
1. Creating a series takes the vote or consent of all members (s. 605.2201).
2. The LLC files a protected series designation through Sunbiz. $25 per series, online only.
3. The series name must start with the LLC's name and include "Protected Series," "P.S.," or "PS" (s. 605.2202).
4. Each series is a person distinct from the LLC and from the other series, and can sue and be sued in its own name (ss. 605.2103, 605.2104).
5. The LLC's annual report must list every active series (s. 605.2206).
Common mistake: sloppy records. An asset only counts as belonging to a series if the records identify it, show when and from whom it was acquired, and track any transfers within the company (s. 605.2301). If an asset doesn't meet that test, a judgment against the LLC or another series can reach it (s. 605.2404).
The liability wall is only as good as the paperwork.
Source: CS/SB 316 (2025), Ch. 2025-162, Laws of Fla.; Sunbiz Series LLC FAQ. Effective 7/1/2026.
Not legal advice, by the way.
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