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Updated over 2 years ago,
LLC Structure Situation
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!