Capstone has announced the formation of Lodestone LLC, a Delaware series limited liability company (LLC), which offers clients an easier entry into alternative risk planning.
It allows for unlimited segregation of membership interests, assets, and operations into independent series.
Each series operates in a unique manner with a separate name, bank account, and books.
IRS regulations recognise the special business units (SBUs) or cells can be an individual and distinct insurance company.
Domiciles including Delaware, Anguilla and Bermuda have taken various approached to this shared entity structure, using terms like segregated or protected cell company, or incorporated cell company.
SBUs are ‘stand alone’ entities for US tax purposes, allowing each of them to file separate and distinct US tax returns.
Lodestone is now available to clients.
