Hi fellow start up nation members.. I am new here. I work in online advertising and marketing.
I have a recently established an LLC which generates revenue from online sources.
This LLC was set up by me and a partner. We would like to amend the LLC so that is owned 50/50 by two different companies (holding?). All profits from this 1st LLC would flow into the 2 owning companies in a 50/50 manner.
I would like your advice as to whether the 2 separate holding companies should be an LLC or an S-Corp or ?. What are the advantages / disadvantages of having one vs the other?
(this post was edited down to keep it simpler)
waltmiami5/14/2009 11:25 AM