It is shown that every locally idempotent (locally m-pseudoconvex)Hausdorff algebra A with pseudoconvex von Neumann bornology is a regular (respectively, bornological) inductive limit of metrizable locally m-(kB-convex) subalgebras AB of A. In the case where A, in addition, is sequentially BA-Complete (sequentially advertibly Complete), then every subalgebraAB is a locally m-(kB-convex) Frechet algebra (respectively, an advertibly Complete metrizable locally m-(kB-convex) algebra) for some kB Î (0, 1]. Moreover, for a commutative unital locally m-pseudoconvex Hausdorff algebra A over C with pseudoconvex von Neumann bornology, which at the same time is sequentially BA-Complete and advertibly Complete, the statements (a)–(j) of Proposition 3.2 are equivalent.