No, there does not need to be another partner. PQR as a partnership can own ABC and should report it as a division of PQR on the 1065 of PQR.
Per the IRS:
If the single-member LLC is owned by a corporation or partnership, the LLC should be reflected on its owner's federal tax return as a division of the corporation or partnership.
See Single Member Limited Liability Companies for more information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
