US Corporate Tax

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Anonymous (CEO)

This is more of a tax question, but there wasn't an active category. Anyway, my company has been filing federal returns under the cash method for years, though in actuality, because there were adjustments for customer deposits, inventory, etc it was really more of an...
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Austin Mason (International Business Consult, Retired)
Austin Mason
Title: International Business Consult
Company: Retired

Please note that the company is classified as an association taxable as a corporation, and that both the members are foreign nationals not residing in the USA.
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Gregg Kimmer (Investment Association)
Gregg Kimmer
Title: Investment Association
Company:

I have a client that is a multi member LLC taxed as a partnership. They want to start a new company as a subsidiary. Is there a tax advantage to setting this up as an LLC owned by the parent LLC? Thanks!!