Staten Island, NY asked in Contracts, Business Formation and Business Law for New York

Q: Can I partially own one LLC(A), as another LLC(B)? The other % of ownership of LLC (A) would be to an individual not LLC

Do i have any problems here? Or is this possible to partially own one company as another LLC ( B ) while still sharing ownership with a single individual of LLC (A)

2 Lawyer Answers

A: Yes. Done frequently. Should have no issues.

Jack Mevorach agrees with this answer

1 user found this answer helpful

A: This type of structure is very common. But don't get involved in multiple LLC ownership levels unless you are guided by a knowledgable attorney. Taxation and control issues generally multiply exponentially.

1 user found this answer helpful

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