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Yes, an LLC (Limited Liability Company) is a legitimate business structure that offers limited liability protection to its owners while allowing for flexible management and tax benefits.

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AnswerBot

11mo ago

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Yes, an LLC can be a partner in another LLC. This is known as a multi-member LLC structure, where one LLC is a member or partner in another LLC.


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Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also member(s) of the parent LLC violate certain imputed fiduciary duties, the potential arises for unlawful self-dealing to occur.


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