When does parent-subsidiary LLC setup make sense?
Not sure what the difference is between the "Business planning" and "Grab Bag" categories, so I hope this is the right one.I currently have a New Hampshire sole proprietorship and I'm going to be starting a new business as an LLC.In the future I may have 2 or more LLCs. In addition to the new LLC, I may convert the sole proprietorship into an LLC or start other LLCs.When there are 2 or more LLCs in the picture, when might it make sense to have a parent LLC which the other LLCs are subsidiaries of? As opposed to just having several separate LLCs, not under a common parent.If there's no great benefit, I'd just as soon forego the extra expense and complexity. But if there'd be a significant advantage to it, I'm guessing it would be easiest to set it up that way now.If I were to just form the new LLC now and decide later that I'm going to have other LLCs and that for whatever reason it would make sense to have them all under a parent, how difficult is it likely to be to make the LLC I form now a subsidiary of a new parent LLC later?
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