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Steady_T

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Steady_T

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Re: tarballmonger post# 23868

Friday, 09/26/2014 4:28:02 PM

Friday, September 26, 2014 4:28:02 PM

Post# of 40315
Apparently the finer aspects of accounting escape you.

Any company that is owned less than 51% is not consolidated into the books of the owning company.

The LLC is its own entity. Any funds that it distributes to the companies that own shares in it get reported by those companies. Any revenues and expenses the LLC has stay on its own books.

The future's so bright I have to wear shades.

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