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

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Hi! Can I create a business...
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: 2 years ago.Category: Business Law
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Answered in 41 minutes by:
2/19/2016
Business Lawyer: Roger, Attorney replied 2 years ago
Roger
Roger, Attorney
Category: Business Law
Satisfied Customers: 31,949
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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....

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Business Lawyer: Roger, Attorney replied 2 years ago

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

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