Asset Protection Tip
In Delaware, a judgment creditor of a Member of a Delaware Series Limited Liability Company is precluded from foreclosing on the Debtor/Member’s Membership Interest in the Series Limited Liability Company. This is a notable “asset protection” benefit arising as a result of the limitation on the judgment creditor’s rights. This same advantage is available to the Series Limited Liability Company which also elects to be taxed as an S Corporation for Federal tax purposes. |
