Virgina
team 1 (Bob, Jack, Jim, Matt) = ABC inc
team 2 (Jason, Alex) = XY LLC
=
NEW company (ABC Inc and XY LLC starting a new company and naming it bbd) = BBD inc
Team 1 and 2 want to join forces and open up a restaurant. We want to form a new company where both teams own 50% of the company. Should we be an scorp or a LLC? Can two companies own a company? We want to be an S corp to take advantages of taxes
team 1 (Bob, Jack, Jim, Matt) = ABC inc
team 2 (Jason, Alex) = XY LLC
=
NEW company (ABC Inc and XY LLC starting a new company and naming it bbd) = BBD inc
Team 1 and 2 want to join forces and open up a restaurant. We want to form a new company where both teams own 50% of the company. Should we be an scorp or a LLC? Can two companies own a company? We want to be an S corp to take advantages of taxes