I own a C corp in California with 5 stores. We're starting a new company to import leather handbags from abroad for retail and wholesale. An advisor said I should consider putting the ownership of this business into a LLC as the tax rate may be lower than for our C corp. My question is, is this possible? Can our corporation own a LLC? With the profits taken in distributions from the LLC? Also any insight as to whether tax fees will be reinstated in California? (based on gross revenues of the LLC) Thank you in advance

Can our corporation own a LLC? Hello slo:

Your corporation can do anything you can do except vote.

excon

Yes, you can, I think you can go step by step, start from small quantity with an import agent, if things goes well, you can do it yourself. You also can check handbags on http://www.fashionhandbagsline.com (http://www.fashionhandbagsline.com)and talk with them.

You can definitely incorporate as LLC... importing from China,it is better to have an experienced bag manufacturer (http://www.abc-handbags.com) to provide you with top quality leather handbags (http://www.abc-handbags.com).You can check Custom Bags Manufacturer,Custom Made Handbags,Custom Bags Fa (http://www.abc-handbags.com) for custom made handbags (http://www.abc-handbags.com),custom design bags (http://www.abc-handbags.com) and custom made purses from green and eco-friendly leathers.