Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

Can a partnership or corporation be a partner in a limited liability corporation?


ANSWER


The BIDaWIZ Team's Answer:

Yes, they can be a partner in the partnership. There are however, some limitations as it relates to Corps. This may vary by state statute. Please referenced IRS Publication 541 & Internal Revenue Code Section 704.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.