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If I have an LLC ( Company A), it has several different divisions: Wholesale

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If I have an LLC...

If I have an LLC ( Company A), it has several different divisions: Wholesale Sales (B) Retail store with franchises (c) Wholesale buying group (D) There are multiple investors in each division basically Company A is owned by investor 1 & 2. Company B is owned by : 1,2 & 3 Company C store is owned by 1 & 3 with investors in franchises (intellectual property) are 1,3,4&5 Company D investors are 1,3 & 6 What we have is a full circle deal. From wholesale sales to consulting to a retail store that's the "model" for our franchises and finally a buying group. Currently an LLC how is the best way to go about and do this. Company A is already branded and we don't want to create confusion by having all kinds of different company names.

Submitted: 5 years ago.Category: Business Law
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11/2/2012
Business Lawyer: Attorney2020, Attorney replied 5 years ago
Attorney2020
Attorney2020, Attorney
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Attorney2020 :

Hello:

Attorney2020 :

It sounds like you have a full circle crew. An LLC will suffice, but you have several different divisions. Within your operating agreement you will want to divide that LLC into divisions that are managed by specifici individuals.

Attorney2020 :

Alternatively, you can incorporate multiple LLC structures and define the purpose of those entities specific with the division. This may create more clarity as far as the purpose and business plan of the overall model. However, there will be increased costs and fees associated with multiple LLC filings. I believe you can implement your model with one LLC.

Attorney2020 :

Since Company A is branded, amend the LLC operating agreement to reflect the implementation of the divisions.

Attorney2020 :



I hope this helps.



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Customer reply replied 5 years ago
So would I have everyone sign the one operating agreement for company A?
Or would I have different agreements for each division.
Business Lawyer: Attorney2020, Attorney replied 5 years ago

You will have one Operating Agreement for Company A. Have all of the Managers and Members sign it. I would hire a competent attorney to draft the terms of the Operating Agreement because this Agreement will be the laws within the company and is very important.

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