It can help to separate your assets from liability, with less expense and more flexibility than other structures that mitigate liability risk like the holding company or parent-subsidiary structures. 

Then this week I read one of Mutual company's I use is buying what BITCOIN it Makes me think.169-Year-Old Insurer MassMutual Invests $100 Million In BitcoinDECEMBER 10, 2020 • OLGA KHARIFMassachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets.The mutual insurer also acquired a $5 million minority equity stake in NYDIG, a subsidiary of Stone Ridge that provides cryptocurrency services to institutions, according to a statement.

Rich, I have used several companies, some as affiliates and subsidiaries to pass earnings through.

My advice here is in line with that given by several attorney members on BP, you can search the topic for other posts.The advocates for small separate LLCs usually have a vested interest in their advice, they create entities, advise to each one on a separate billing, they write more insurance policies creating higher costs and commissions or they may be the accountant who bills for the additional time of consolidation and tax returns required.A much better solution is to use a Series LLC, that automatically sets up the concept of a parent and separate subsidiary type entities.

A corporation that is a subsidiary of a financialinstitution or credit union, but only if, because of youraffiliation, you are subject to supervision and examinationby a federal or state regulatory agency.5.

Is the holding company the sole owner of each subsidiary LLC?

Subsidiary of Yum brands say for just that state of 200 stores etc.3.

Establish the property LLC's as a subsidiary of the holding company. 

We host on AirBnB, VRBO, Booking.com and all of their subsidiaries.  

You came up with a clever name.Now, for every property you hold, you create a subsidiary LLC.What the heck do you name the subsidiaries?