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c-corps and LLC

BarManHorbacz

BarManHorbacz subscriber Posts: 1

January 2012 edited November 2012 in Selecting a Business

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

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LLCMan subscriber Posts: 0

November 2012

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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