c-corps and LLC

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BarManHorbacz

posts: 1

Jan 18, 2012 11:11 PM ET Quote Report Abuse

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can a shareholder of a c corp be the member of an LLC owned by that c corp?

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llcman

posts: 4

Nov 08, 2012 8:11 AM ET Quote Report Abuse

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Yes, but under a C-Corp you get double taxed!! (company income + personal income when you take the funds out!) I would keep the entities separate for tax purposes.

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[url=http://ellcoperatingagreement.com/California-Multi-Member-LLC-Operating-Agreement.htm]LLC Start Up[/url]

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