each series. All contracts, deeds, notes, etc. should be signed in the name of the specific series. Any loans between series should be properly documented. Any transactions between series should be conducted in an arms'-length manner at fair market prices using appraisals. Have each series file a fictitious business name statement in each county where it owns property. Each series should have its own name and the filing should emphasize the ownership of that series, for example, "Fornesa Enterprises, LLC, Series A only". This is to put creditors on notice. Keep the assets and operations of each series separate from the other series. Each asset should be owned solely by one series. In other words, two or more series should not be co-owners of the same property. Make sure each series is adequately capitalized.
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