Legal Question in Business Law in California
S Corp Shareholder rules
Can an LLC company be a shareholder in a sub chapter S Corp?
Asked on 11/07/08, 4:15 pm
1 Answer from Attorneys
Re: S Corp Shareholder rules
The more important question seems to be "What is hoped to be gained by having an LLC invest in an S Corp?"
To answer your question specifically, no.
S Corp is a corporation "which does not have as a shareholder a person (other than an estate, a trust described in subsection (c)(2), or an organization described in subsection (c)(6)) who is not an individual."
The types of organizations allowed under subsection (c)(6) are non profits (501c3s) and qualified pension or stock plan trusts.
Answered on 11/11/08, 9:28 pm
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