Legal Question in Business Law in California

Coorporations

Can you make a coorportion a partner to an llc or can you transfer an llc to an existing cooperation?


Asked on 10/06/08, 2:12 pm

2 Answers from Attorneys
R.C. Lim The Law Offices of R.C. Lim

Re: Coorporations

Yes, you can make such transfers.

The most important issues are tax-related. But there are other issues as well.

If you would like some help doing this, please feel free to contact me for a free initial consultation. I am in Pasadena.

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Answered on 10/06/08, 4:15 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: Coorporations

Technically, LLCs don't have partners. They have members. A corporation can be a member of an LLC, and an existing corporation can acquire an LLC by appropriate action and become its member or one of its members.

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Answered on 10/07/08, 9:24 am


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