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no, both c corps want to be a member of the new LLC.
I don't understand your statement right after a C Corp may be a member of an LLC etc. The part from" There could be tax consequences etc to this is not the situation you describe" Please explain and expand answer.
thanks for the the additional information. In our situation my brother and I own all the stock of our corporation. The people we want to join with in the new LLC are two brothers that own all the stock in their corporation.The property to be transferred to the new LLC partnership will be contributed equally on a 50/50 basis. Does this situation avoid taxation on the transfer to the new LLC?
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