Legal Question in Business Law in Illinois
C Corporation establishing a LLc
When a corporation establishes an llc..in this case to hold rental real estate...should the corporation be the single member or must an individual be the member? And are there drawbacks to either method?
Asked on 10/03/08, 6:56 pm
1 Answer from Attorneys
Adam S. Tracy
Securities Compliance Group Ltd
Re: C Corporation establishing a LLc
Thank you for your question.A corporation can be the sole member.such a structure would likely advantageous to you.the key is to have a properly written llc operating agreement. Please let me know if you have any further questions. You can email me at [email protected]
Answered on 10/03/08, 7:01 pm
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