LLC, C Corp, S Corp what is the best way to go?

Question

My partners and I have a lot of questions when it comes to the different corporations. We have a few LLC’s can one LLC own all our other properties LLC’s? Is there a better route to go? We have a lot of questions and would love to get on a phone call to get some of these answered along with others.

Chris Seveney · Answer

@Kody Christensen

This is best answered by your attorney as it relates to entity structure and a cpa for taxation purposes

Nathan Gesner · Answer

You can create a series LLC. This is where one LLC is the "master" and all others are subordinate to it. This keeps them separated as far as liability is concerned, but they can be on one tax return, one bank account, etc. Here's an example I found:

My Holdings Co., LLC, a series LLC

123 Main Street., LLC, an individual protected series of My Holdings Co., LLC, a series LLC

123 Division ST., LLC, an individual protected series of My Holdings Co., LLC, a series LLC

Talk to an attorney

LLC, C Corp, S Corp what is the best way to go?

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