LLC vs S-Corp & Entity Choice
“I started a holding company to manage several smaller businesses, do I need to file separate tax returns for each subsidiary LLC?”
Whether separate tax returns are needed for subsidiary LLCs often depends on how each entity is classified for tax purposes, how the ownership structure is set up, and whether the LLCs are treated as disregarded entities, partnerships, or corporations. A holding company that owns several smaller businesses can create a mix of filing obligations, especially when there are different state registrations, payroll activity, or intercompany transactions. The structure of the operating agreements and the way books are kept also tend to shape how the reporting is handled in practice. Walking the details through with a CPA is the fastest way to know what truly applies here.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I formed a single-member LLC but forgot to get an EIN, can I just use my Social Security number on my Schedule C without issues?”
“I am transitioning my W-2 income into a consulting business, does electing S-Corp status actually lower my self-employment tax?”
“My solo business is making about the same as my old salary, should I switch from a sole proprietorship to an S-Corp?”
“I have a profitable side hustle on top of my day job, is it worth the administrative cost to form an LLC just for that income?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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