LLC Structure Situation

[Gabe Goudreau]

Hello everyone I have an entity question for the community. 

I currently have a single-member LLC, I have not transacted any business yet in this LLC unfortunately. I am wishing to switch my business structure to having a holding entity own each investment property in a separate LLC, where the holding entity is the GP in each of the managing LLCs (since I will most likely have an LP on my planned deals). Should I dissolve my current LLC and form a new holding entity? Or is there a way where I can convert my current single-member LLC into a holding entity? Thanks, just trying to re-start up my business the right way!
 

[Megan Templeton]

Hi there! @Gabe Goudreau

Based on what you have listed here, you shouldn't have any problems using the LLC for a holding entity. Since you have not transacted any business with the LLC, there isn't a concern of comingling liability.

Thanks,

-Megan