You or your entity can own as many companies as needed (there are a few restrictions but I can't recall any right now). Your c-corp can own the LLC or you can simply own the LLC.
Talk to an attorney and accountant and have them help you set up a good entity strategy.
quote]
On 2004-04-11 15:49, commercialking wrote:
sure, what makes it a sister in your mind? Same shareholders or the C-corp holding stock in the LLC?
[/quote]
We were thinking of making the C-corp the major interest of the LLC. The only reason being is the double taxation our acct. is talking about. Isn't there any other way to pull money out of the C-corp that it won't get dbl. taxed ? Can't we get paid as an expense of each project ?
sure, what makes it a sister in your mind? Same shareholders or the C-corp holding stock in the LLC?
You or your entity can own as many companies as needed (there are a few restrictions but I can't recall any right now). Your c-corp can own the LLC or you can simply own the LLC.
Talk to an attorney and accountant and have them help you set up a good entity strategy.
I prefer to keep my corporation and llc's as seperate entities.
Thanks for the replies, fellows ![
quote]
On 2004-04-11 15:49, commercialking wrote:
sure, what makes it a sister in your mind? Same shareholders or the C-corp holding stock in the LLC?
[/quote]
We were thinking of making the C-corp the major interest of the LLC. The only reason being is the double taxation our acct. is talking about. Isn't there any other way to pull money out of the C-corp that it won't get dbl. taxed ? Can't we get paid as an expense of each project ?