As of July 1, 2026, Florida allows business owners to form Series LLCs. We’ve already started getting questions from clients about whether this new structure can reduce taxes or simplify ownership.

The short answer? It may simplify your business structure, but it doesn’t automatically reduce your tax bill.

A Series LLC is primarily a legal structure

A Series LLC allows one parent LLC to create separate “protected series” underneath it. Each series can own different assets, such as individual rental properties, and may receive separate liability protection under Florida law.

While it may be an attractive tool, it isn’t a tax strategy by itself.  If you are considering a Series LLC, we recommend speaking with an attorney who can advise you on liability protection and entity formation. Once your legal structure is established, we can help ensure it’s aligned with your tax goals.

Does it save on taxes?

In most cases, no. Whether you own three rental properties in three separate LLCs, one traditional LLC, or one Series LLC, the rental income is generally taxed the same. The structure alone doesn’t reduce your federal income tax. For federal tax purposes, the IRS generally treats each protected series as its own entity if it has separate owners or assets.

How we can help

Choosing an entity shouldn’t be based solely on liability or filing costs. The right structure can also depend on your long-term tax strategy, ownership plans, and future business goals.

At Murtha & Flischel, we help clients understand the tax implications of different entity structures. Every business is different, and the right tax approach depends on your ownership structure, long-term goals, and future plans. Once you’ve established your legal entity, we can help you understand how it’s taxed, what returns may be required, and identify opportunities to maximize tax efficiency.