Overview of the Legal Structure

Professional legal protection — built into your Vault.

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As a Locked Money Pro Plan user, you’re not just operating under a personal wallet — you’re transacting through a legally structured Series LLC, designed to optimize tax efficiency, asset protection, and legal clarity.

This page summarizes key points from the official legal memorandum issued by Nomad Law, our legal advisors.

📄 Document Reference: Tax Memorandum as at 24 February 2025 📍 Jurisdiction: Saint Vincent & the Grenadines 📘 Legal Partner: Nomad Law

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Tax Memorandum as at 24 February 2025 (legal opinion).pdf

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🧾 What Is a Series LLC?

A Series Limited Liability Company (Series LLC) is a legal entity that can create sub-entities (“Series”) with separate rights, assets, and liabilities — all under one main umbrella.

In Locked Money’s case:

• Each Pro Vault is treated as a distinct legal Series under the master LLC

• Users become co-owners of the LLC structure and operate their Vault within it

• This allows for legal separation of assets, business-level compliance, and jurisdictional benefits

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💰 Key Legal and Tax Advantages

According to the memorandum:

✅ 1. No Personal Ownership of Assets

• Assets are legally held by the LLC, not by you directly

• This reduces exposure to personal tax events such as capital gains (jurisdiction-dependent)

✅ 2. Self-Custody Remains Intact

• Despite the LLC ownership, you retain 100% self-custodial control over your Vault

• This means full access, transparency, and control — with added legal shielding

✅ 3. Potential Tax Efficiency

• Trading within the LLC structure may allow users to defer or eliminate capital gains taxes under certain conditions

• Users may only need to report their ownership in the LLC, rather than each individual trade or crypto action (Always consult your local tax advisor)

✅ 4. Privacy & Asset Protection

• Since the assets are held at the entity level, this provides legal separation from personal disputes, creditors, or lawsuits

• Vault activity is not directly tied to your name on-chain

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📌 Important Disclaimers

• This is not tax or legal advice.

• Local laws vary widely, and users should always consult professionals in their own jurisdiction

• The Series LLC structure is designed for efficiency and shielding, but tax treatment depends on residency, income structure, and evolving global laws