https://ttlc.intuit.com/community/business-taxes/discussion/how-can-i-tie-an-llc-to-an-s-corp/01/1332591#M45143 <P>South Carolina does not issue DBA's for a second business. The County does not recognize them either. I want to have my S-Corp with an LLC that is under the umbrella, so the LLC can only have the corporate assets at risk. Is that possible or do i need to have two S-corps?</P> Wed, 18 Mar 2020 19:12:53 GMT K_Smitty 2020-03-18T19:12:53Z https://ttlc.intuit.com/community/business-taxes/discussion/how-can-i-tie-an-llc-to-an-s-corp/01/1332591#M45143 <P>South Carolina does not issue DBA's for a second business. The County does not recognize them either. I want to have my S-Corp with an LLC that is under the umbrella, so the LLC can only have the corporate assets at risk. Is that possible or do i need to have two S-corps?</P> Wed, 18 Mar 2020 19:12:53 GMT https://ttlc.intuit.com/community/business-taxes/discussion/how-can-i-tie-an-llc-to-an-s-corp/01/1332591#M45143 K_Smitty 2020-03-18T19:12:53Z https://ttlc.intuit.com/community/business-taxes/discussion/re-how-can-i-tie-an-llc-to-an-s-corp/01/1332737#M45153 <P>You need to consult with a tax attorney.</P> <P>&nbsp;</P> <P>However, a <EM>single-member</EM> LLC (because it is a disregarded entity) can be a shareholder in an S corporation.</P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.journalofaccountancy.com/issues/2001/may/limitedpartnershipandllccanbeshareholdersofscorp.html" target="_blank">https://www.journalofaccountancy.com/issues/2001/may/limitedpartnershipandllccanbeshareholdersofscorp.html</A></P> Wed, 18 Mar 2020 19:36:23 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-how-can-i-tie-an-llc-to-an-s-corp/01/1332737#M45153 Anonymous_ 2020-03-18T19:36:23Z