Quickbooks - LLC owning LLCs.

[Pat L.]

I am setting up Quickbooks for my real estate investments:

• Right now, I have one LLC that is set up as a company in Quickbooks.
• This LLC will own other LLCs. These other LLCs will own the properties.
• I'm planning to have each "owned" LLC as a class in Quickbooks.

Based on your experience, does setting up the owned LLCs as classes make sense? Do you see any holes?

Thanks,

PJL