LLC to hold partial ownership of other LLCs? Illinois btw

 

Just want to say thanks for supporting our news site
by shopping our easy click ads

LLC to hold partial ownership of other LLCs? Illinois btw

Sorry if title is confusing, but if I’m part owner of multiple businesses, 50% or less of each, is it wise to start an LLC to hold my stake in each of those?

My thought is to funnel all income to one LLC to simplify things, add a layer of liability protection, and use it to write off expenses that I might use for all the businesses, like home office, car, cell phone, etc.

LLC to hold partial ownership of other LLCs? Illinois btw

View Reddit by chadiusmaximusView Source

One Reply to “LLC to hold partial ownership of other LLCs? Illinois btw”

Comments are closed.