Do you have to keep separate records for each series in a series LLC?

Fritz printed the separateness checklist, framed it, and hung it on the wall. Underneath it ran one bank account that paid for every agent he had. The paperwork said each series was its own cell; the money said otherwise. A checklist describes how separateness is kept, but it is a record of acts, not a substitute for them — and Fritz had filed it once and performed none of it.

Tyson treats the same checklist as a routine. Each series keeps its own ledger; a dollar that belongs to one cell is never paid out of another. Rupert, his agent in one series, signs only against that series' own account as an authorized signer with capped authority, and every entry is reconciled and dated. The checklist isn't a decoration on the wall; it's the thing he does each time money or a signature moves. Separateness here is performed, not recited.