How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Dimitry K., Esq. Your Own Question
Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Business Law
Satisfied Customers: 1611
Experience:  Run my own successful business/contract law practice.
18572087
Type Your Business Law Question Here...
Dimitry K., Esq. is online now
A new question is answered every 9 seconds

Can I create a business c corp with me as the only member

Customer Question

Hi!
Can I create a business c corp with me as the only member and then, underneath it, I can create S corp where the partners have bigger share of at least 20% to get the loan and I will hv less than 20% share but the s corp will be under the bigger umbrella of my c corp. This s copr will borrow and get a loan for 1 location business but, they wont get entire company and wont go and betray me and learn and get other things from my other projects.
Submitted: 9 months ago.
Category: Business Law
Expert:  Roger replied 9 months ago.

Hi - my name is ***** ***** I'll be glad to assist .

Each corporation would be totally separate from the other unless one corp was actually an owner/shareholder of the other corp. However, if you're wanting to keep your properties separate from one another, then the simplest thing could be to set up a new company for each business location that you have....

Expert:  Roger replied 9 months ago.

If I'm not quite getting what you're asking, please respond with additional information and I'll try to respond. Thanks.

Related Business Law Questions