Can a S-Corp be a member of an LLC?

0 ⤊

Can a S-Corp be a member of an LLC?

2007-02-15 08:18:56 · 2 answers · asked by TheGarlicButterSaw 3 in Business & Finance ➔ Corporations

2 answers

Yes. Essentially you are asking if an S-corp can have an ownership interest in an LLC. The answer is yes.

The shareholders (owners) of the S-corp must generally be actual persons with a few limited exceptions, but this is not the case for an LLC.

This kind of arrangement is frequently implemented to own real estate or equipment used in an operating company.

Good Luck,
Dana B.
www.thebarfieldgroup.com

2007-02-15 13:41:33 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋

Afraid not. An S Corp is an official entity by itself and cannot be a part of an LLC which in an independent official entity too.

2007-02-15 11:21:24 · answer #2 · answered by Akbar B 6 · 0⤊ 0⤋