Legal Question in Business Law in Nevada
Corporate Structure
I own an S-Corp in Nevada. Is it possible for this S-Corp to own subsidiary companies (LLCs)? And if so, are their any restrictions?
2 Answers from Attorneys
Re: Corporate Structure
An LLC may not be a shareholder for an S-Corp. However, an LLC may have an S-Corp. as a member.
Mike.
Re: Corporate Structure
S-corps can be shareholders in other companies (corporations or LLCs); however, other companies (corporations or LLCs) cannot be shareholders in S-corps. The only allowed shareholder in an S-corp is a human being, aka a natural person. And only up to 75 human beings can hold stock in an S-corp.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
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