Discussion:Can an LLC own 2 S-Corps?
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Discussion Forum Index --> Tax Questions --> Can an LLC own 2 S-Corps?
| 13 September 2007 | |
| I have read some of the posts and could not find a definite answer. My reading of reference gives me conflicting information. Please help. Please provide citation if possible. Thank you. | |
TheTinCook (talk|edits) said: | 13 September 2007 |
| What?!?!
No of course not. NO! Start with Sec 1361 The only possible exception would be if both LLC's were SMLLC's that were being treated as diregarded entities. | |
| 13 September 2007 | |
| http://www.aicpa.org/PUBS/JOFA/may2001/tax2.htm
I googled "LLC SCorp shareholders" and found the above article. Hope it helps you. This article confirms Tin's observation that only SMLLCs would be eligible. | |
| 13 September 2007 | |
| Sorry, I got it reversed. I meant to say 2 s-corps own an LLC, i.e. LLC with two members who are both S corps. That is doable, right? Thank you for your quick response | |
| 13 September 2007 | |
| OK. I googled "SCorp LLC members" | |
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