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Richard
Richard, Tax Attorney
Category: Tax
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I have a client who has a single member LLC, can he buy an

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I have a client who has a single member LLC, can he buy an interest in a partnership or an S or C corp, through his LLC.....Thanks
Submitted: 5 years ago.
Category: Tax
Expert:  Richard replied 5 years ago.

Good evening. Yes, his LLC can purchase the interest and hold the interest in a partnership or either corporation. Since he is a single member LLC, it's treated as a disregarded entity, can be a S Corp shareholder.

 

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

 

Customer: replied 5 years ago.
So his Sole P can own a Partnership or a Corp? Is that right? His LLC can be a shareholder or a partner.......
Expert:  Richard replied 5 years ago.
Yes, that is correct.
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