My wife and I have 4 LLCs. We expect 2 will bring in much more money in 2019, so we are restructuring them. I plan to make them subsidiaries of a new LLC, just to make bookkeeping easier.
All 4 businesses are online.
Right now all 4 LLCs "do business" in our home state.
So here's my question. If I create the parent LLC in a different state, then could I put the subsidiary LLCs in the same state, without them being treated as foreign LLCs?
In other words, would the subsidiary LLCs be "doing business" in whatever state the parent LLC is in? Or would they all be treated as foreign since the parent LLC would be foreign?
Hopefully that makes sense. I haven't been able to find an answer online.
Oh, and I'm not doing this for tax breaks. I understand I have to pay taxes either way. I just like the idea of putting the 4 subsidiaries in a state that is cheaper to file in, more business friendly, etc.
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