Parent subsidiary tax question
I have an LLC that only does online sales like Amazon and Poshmark. I am about to start a new LLC that does litter pick up for commercial properties . I want to make my current LLC the soul managing member of my new LLC.. My question is can I pay my self directly from the subsidiary? Or do I need to pay the owning LLC first. Then pay me through that? Would the income be double taxed once as income for the subsidiary second as income for the parent company?
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