Can an LLC own a non-profit company?

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Can an LLC own a non-profit company?

I'm a shareholder in an LLC and we want to create a non-profit that is completely owned by the LLC. Can we do this and are there ramifications we should be aware of?

2007-09-20 12:50:11 · 1 answers · asked by Anonymous in Business & Finance ➔ Corporations

1 answers

Yes, the LLC can own a non-profit. Check here for some of the ramifications.

http://jobfunctions.bnet.com/casestudy.aspx?docid=73410

2007-09-21 15:43:55 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋