I am having trouble finding information on this and think I may just be over complicating things. LLC A is taxed as a partnership is owned by three members. LLC A wholly owns another LLC. LLC B. They are wanting to distirbute LLC B to one of the members of LLC A. The member that is receiving it is wanting to take on the work that B is doing and the other member do not really care to be involved with it any more.
Would it just be treated as a normal property distribution? I thought it would be more involved than that but I am having trouble finding any info on this for some reason.