LLC Created in 2022; Need a New one Now...Now what

[Justin Walters]

This question requires a little background.

Current LLC has four equal partners, each 25% ownership. For this example, we will call this LLC Homer, LLC.

Homer, LLC currently holds five properties. One has a traditional mortgage and the remaining properties used private lending.

Now we are looking to create a new, overarching LLC and would actually like the new one to own, or be the parent company to Homer, LLC.

Question: is that possible? How do we go about making the newly created LLC the parent company of the older LLC founded in 2022?

Thanks in advance.