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#2
02-12-2004, 08:48 AM
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 Re: Can an S-Corp own an S-Corp? "Trip Ives" <trip[at]teamfutures.com> wrote: - quote - > I have a quick question here. Can an S-Corp own another
An S-Corp cannot own another S-Corp. However, an S-Corp can> S-Corp (part or whole)? > Why do I ask? I own one S-Corp and a business colleague > owns another. Together, we want to own a third, held 50/50 > between our seperate S-Corps. If this won't work, can we > own an LLC together insead? own 100% of a corporation and elect to treat the corporation as a qualified sub-S subsidiary (QSub). Owning a QSub would be like owning an S-Corp. However, a QSub must be 100% owned by one S-Corp. In your case, this wont work. The LLC (taxed as a partnership) would be the way to go. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-12-2004, 07:31 AM
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| Re: Can an S-Corp own an S-Corp? trip[at]teamfutures.com (Trip Ives) wrote: - quote - > I have a quick question here. Can an S-Corp own another
An S Corp can't partially own another S Corp.> S-Corp (part or whole)? > Why do I ask? I own one S-Corp and a business colleague > owns another. Together, we want to own a third, held 50/50 > between our seperate S-Corps. If this won't work, can we > own an LLC together insead? An S Corp can own a partial interest in a C Corp, LLC or partnership. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-12-2004, 06:15 AM
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| Re: Can an S-Corp own an S-Corp? trip[at]teamfutures.com (Trip Ives) wrote: - quote - > I have a quick question here. Can an S-Corp own another
Quick answer. No.> S-Corp (part or whole)? There are some ways to arrange for an ESOP to hold shares of an S corp. There are some ways to create a subsidiary of an S corp. But an S corp. cannot own shares of another S corp. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 07:26 PM
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| Can an S-Corp own an S-Corp? I have a quick question here. Can an S-Corp own another S-Corp (part or whole)? Why do I ask? I own one S-Corp and a business colleague owns another. Together, we want to own a third, held 50/50 between our seperate S-Corps. If this won't work, can we own an LLC together insead? Thanks for the feedback! Trip << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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