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Updated almost 10 years ago,
Forming LLC to govern the rest of LLCs
This will likely be an easy question for some of you.
So, if I generate 3 LLCs, 2 of which hold 1 rental home in each, and the 3rd which is the main LLC that owns all other LLCs under it...
How do I make that true? What I mean is, how do I get the hierarchy on paper?
ABC LLC governs YY LLC and ZZ LLC. But how do I make it on paper so that this is true?
After I create 3 separate LLCs, then how do I get the ABC LLC to have possession and ownership of the other 3?
At the moment I do not have any LLCs created. Do I need to make ABC LLC first, and then if that matters, how do I fill out the articles of organization (or whatever other form is required) to make YY LLC and ZZ LLC a holding?
I'm sorry if I'm confusing the question...