Should our Holdings LLC own all our future LLC's?

[Joseph Ben-Avi]

Hi all,

I have been viewing this forum for almost a year now and learned a great deal of information, thanks to all of you here that help out. 

Today I have a simple question that I couldn't find an answer to. Me and 2 other partners own a property with our LLC, and we currently looking at creating another LLC and purchase a second property. Is it legally viable to own the new LLC with our current one? Sort of creating a single member LLC that is owned by one main holdings company (our original LLC).

If I am right, then since the new LLC will be a single member LLC it does not really require an operating agreement, correct?

And the holdings company (again, our original LLC) can also act as the registered agent?

The LLC's are all located in Ohio, and we are pretty familiar and comfortable with the process, I just want to be sure that wer'e doing it the right way.

We will probably open a new bank account to the new LLC just to keep things clean and organized.

Can anyone share their experiences and make any suggestions in a similar situation?

Thanks!

Joseph.