can a busn. organized as a llc open another kind of busn. and protction of llc

[mckinley bogan]

What is the name of your state? minnesota.
can a accounting business organized as a llc start a new retail
business. will the new business have the status of llc?

 

[hexeliebe]

One business can own another as a holding company or a parent company, however, two things to keep in mind. Each company (LLC) must have separate registrations with your Secretary of State's office and just because the parent company is one form does not automatically translate to the other company.

The best thing to do is contact the Secretary of State's office in your state for the specific regulations and forms to register the second company.