@patio11 Hi!
Does Atlas support creating an LLC where its members are other LLC's (so we input a EIN/tax id instead of SSN in the application)?
Or only as individual members (so use our SSNs in the application)?
Thanks!
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On my side, I was hoping to see if I could pass income thru to my LLC that already has payroll, etc setup. Wasn’t sure about if that means double taxation, however. Also: theoretically theres extra legal protection there too but I’ve heard mixed reports on the accuracy of that.
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(myself and a partner would take distributions from the new LLC into our own LLCs and just keep payroll going within them while we file as an s-corp.)
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New conversation -
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Reasonable! Forming new business; partnering with another person. Considering if it might be advantageous (e.g. tax optimization) to own my share as my existing (S-corp) LLC. But I don't have a reason to think that'd be the case, just noodling.
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