Tag Archives: LLC

Can I Buy an LLC with Another LLC?

Ownership of an LLC is often times a partnership or a group, but it can be an individual as well. Those that are sole owners likely have a lot of responsibilities, especially if they own or are a part of multiple LLCs. It may be extremely beneficial to look into combining the businesses. Talk to a business attorney to learn more about how to buy an LLC with another LLC. Benefits of One LLC Owning Another There are a variety of benefits that come with having one LLC as an owner, or part-owner, of another LLC. Here are some of the most common: Limited Liability – A limited liability company limits its liability when it’s owned by another limited liability company. Get it? Limited liability. Much of the businesses liability is taken on by the owning LLC, which can offer the owned property much more flexibility. Avoiding IRA Penalties –…
Read More »

Posted in Business Formation & Planning | Tagged , | Leave a comment