TaxProTalk.com • View topic - LLC ownership in S Corp

LLC ownership in S Corp

3 posts • Page 1 of 1

20-Nov-2019 7:50pm

#1

taxnexus

Posts:: 213
Joined:: 2-Mar-2015 6:13pm
Location:: CALIFORNIA (CA)

Can a multi member LLC be an owner in an S Corporation?

20-Nov-2019 7:55pm

#2

sjrcpa

Posts:: 6576
Joined:: 23-Apr-2014 5:27pm
Location:: Maryland

No

20-Nov-2019 8:31pm

#3

Nilodop

Posts:: 18918
Joined:: 21-Apr-2014 9:28am
Location:: Pennsylvania

No is correct - unless the MMLLC owns 100% of the S corp., and itself elects S treatment, and it elects to treat the S corp. that it owns as a QSub, all of which I'm guessing does not fit your facts. :roll:

:roll:

3 posts • Page 1 of 1

Return to Taxation

Who is online

Users browsing this forum: cotopop, Google Adsense [Bot], Permanently-Diff, puravidatpt and 52 guests