# Legal & Tax

**Understand how the Series LLC works, what it means for your taxes, and why this structure matters.**

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<summary><strong>🏛️ What is a Series LLC?</strong></summary>

A Series LLC is a legal structure that creates distinct “sub-entities” (Series) under a master company.\
Each Vault in the Professional Plan is treated as one of those Series.\
This setup gives you legal separation, asset protection, and potential tax advantages — all without giving up control.

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<summary><strong>🧾 How does the Series LLC help with taxes?</strong></summary>

In many jurisdictions, using a Series LLC means:

* You don’t personally own the crypto — the LLC does
* You may not need to report every individual trade
* You might avoid or reduce capital gains tax altogether

Instead of tracking every swap or stake, you may only need to report your **ownership in the legal entity.**\
(Always consult a local tax expert for your specific case.)

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<summary><strong>🌍 Do I still need to report my crypto holdings?</strong></summary>

That depends on your jurisdiction.\
In many regions, you only report your **ownership of the LLC**, not each crypto transaction.\
However, personal tax obligations may still apply when converting crypto to fiat or paying yourself from the company.

Locked Money offers a **compliant structure** — but you’re still responsible for staying compliant locally.

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<summary><strong>👤 What if I’m not based in the U.S.?</strong></summary>

That's best, as we do not take US citizens for the Pro plan, currently and are established in SVG ( Staint Vincent & Grenadines)

The legal framework was chosen specifically to offer global users:

* Lower tax exposure
* Entity separation
* Simplified reporting

Still, local tax rules apply — so we always recommend speaking to a professional in your country.

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<summary><strong>💼 Is this really legal? Or some gray area?</strong></summary>

It’s fully legal — and has been used by professionals, firms, and family offices for decades.\
Locked Money just makes it accessible to crypto users, without needing $10,000+ in legal fees.\
This is structured protection, not a loophole.

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<summary><strong>⚠️ Do I still need a tax advisor?</strong></summary>

Yes.\
Locked Money gives you a powerful legal tool — but your tax strategy should still be tailored to your local situation.

We strongly encourage all Pro users to consult with a **local tax and legal professional** before making any major decisions.

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