IANAL nor an Accountant, but if my understanding is correct the administrative burden can be lower, costs can be much lower, and there may be some tax benefits.

IANAL nor an Accountant, but if my understanding is correct the administrative burden can be lower, costs can be much lower, and there may be some tax benefits. Ultimately, it's going to depend on the state's laws where you're filing for the Series LLC. My state (CT), for example, does not recognize or allow for the formation of these types of LLCs. Here is a blog post published by a law group that specifically focuses on the Series LLC in your state, Illinois. (That is, assuming your Twitter location is current.) http://www.acumenlawgroup.com/publication-categories/business-consultation/the-series-llc-sure-bet-or-risky-business/ http://www.acumenlawgroup.com/publication-categories/busines...