Sub S Owning an LLC?

[duanecpa]

Does anyone know if a Sub S can own an LLC?

If so, would like citations.

Thank you.

[ChEAr$]

Does anyone know if a Sub S can own an LLC?

If so, would like citations.

Thank you.

I imagine all states follow uniform regulations on LLC's, like partnerships and corporations, but still ownership qualifications would depend on the state.

Check your state's secretary of state's website to see who can be members of an LLC.
(not own shares!)

Plus there's this:

http://www.irs.gov/businesses/small/article/0,,id=98277,00.html