Can a corporation form another corporation?

I want to form a corporation to protect my assets, no...I'm still poor but just in case, and want to know if it would be wise to form a LLC? How much does it cost in the form of filing fees, lawyer fees and yearly tax? What advantage would I get after forming a LLC? Would it give me better line of credit?

Also, since people are so sue happy and will sue at a drop of a hat. If my LLC becomes very profitable, can I use the LLC to form another LLC? For example, if I am to enter into a large investment project and would need to sign a contract, can LLC(a) form LLC(b) to enter into the contract on the behalf of LLC(a) hence the liability will only do harm to a portion of LLC(a) if the project heads south, by doing so, it helps to protect the primary corporation.

So what do you think? A good idea or do you have a better plan?

Try using an offshore corporation that is an anonymous bearer share corporation where the ownership is not publicly recorded.
Try this site for anonymous panama corporations :http://www.panamalaw.org

Tags

　　Investment Trading 　　Investment Strategy 　　Investment Services 　　Investment Portfolio 　　Investment Plan 　　Investment Performance 　　Investment Options 　　Investment Opportunity 　　Investment Manager

Related information

Employer required to reissue W2?

What he said ^ And your employer will not issue a W-2c for what you do with your money. You'd receive paperwork from the company with whom you invest your Roth IRA that you'd file wit...

How do you mortgage shop?

I am a licensed mortgage banker in 46 states. Do not go to lending tree!!!! All that company does is SELL your information to brokers - repeatedly. You will get all sorts of phone calls from tha...

How can I find undervalued stocks?

It takes a lot of research and hard work to be a successful investor. You have to have a lot of sources of information. One site that I think is very useful is ...

Can HRA not be claimed if one is claiming tax benefit on house loan for a house in the same city?

First: U cannot claim EMI before completion of construction. therefore u can still claim ur HRA. Second: The pre-construction EMI will be allowed as five equal instalments from the year in which t...

Why doesn't my husband want to buy a house?

With this market, you may do a lot better by waiting another year. It depends upon your local market, but most homes are decreasing in value right now. Say you purchase now and the home'...

I paid into both Social Security and Ohio Public Employees Retirement OPERs. Why can't I collect both?

you can collect booth but you SSI you won't collect at the full benift that you earned. I know i live in Ohio and it sucks. It is the same for all county and state employees

...

I am selling a duplex in Sacramento for 500k how much would I have for a 1031 after fees ?

Wow! My first thought is to talk to a CPA that specializes in real estate. I have done several 1031's, even some muli level ones and it can GET COMPLICATED in several areas. Simply pu...

Help me? please? thanx!!?

Read the book before you sit for the test.

...