All Forum Posts by: Satyam Sundaram Ramyanam

Hi @Basit Siddiqi,

Thank you for your reply.

The company does not have a tax return filling requirement as it does not have any operations, does not have any products, services, or any financial transaction.

It is a single member LLC.

Thanks.

Hi @Dmitriy Yeshin

Thank you for your response and taking the time for your input.

My purpose for creating a holding company is to list it as the "llc member" (100%) of the subsidiary, operating company.

This is strictly for privacy reasons so I am not listed as the "llc member" for the operating company. In fact, with this approach, my name will not be listed on ANY public document. Including state where the LLC is registered.

The parent company will not be having any employees, bank accounts, etc., ever. All those functions will continue to be performed by the subsidiary/operating company as it has an established tracked record for nearly 20years.

The purpose of the holding company is to simply provide a corporate veil.

Hi, I have a general tax/llc related question.

Does a holding/parent company (LLC) need an EIN and have to file taxes if the subsidiary/operating company will file for it's own taxes?

I am inheriting/buying a family business (operating LLC) which has been in operation for 10 years and filed it's own taxes. For purposes of transferring the operating company from my parent to myself I am forming a holding company llc. The holding company will not have any employees, operations, financial transactions, etc. Should I apply for an EIN for the parent/holding company as well? The holding company's only function is to own the operating company. I'm taking the approach for privacy reasons.

The operating company is based in New Jersey, USA.

The holding company will be based in Wyoming, USA.

Any insight would be helpful.

Thanks in advance.