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I have a client who has a single member LLC, can he buy an

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interest in a partnership or...
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: 6 years ago.Category: Tax
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5/3/2011
Tax Professional: Richard, Tax Attorney replied 6 years ago
Richard
Richard, Tax Attorney
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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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Customer reply replied 6 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.......
Tax Professional: Richard, Tax Attorney replied 6 years ago
Yes, that is correct.
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