Legal Question in Business Law in New Jersey
LLC owenership
Can one LLC own another LLC. For example can X LLC be the sole owners of Y LLC, either by forimg Y LLC's Operating Agreement to state this or by making Y LLC a subsidary of X LLC.
I hope I've made my point clear!!!!!
Asked on 8/11/03, 11:16 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: LLC owenership
In NJ, one LLC can be a partner in another LLC.
Answered on 8/11/03, 11:27 am
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