USA Business formation structure

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Feb 5, 2020
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Hi all. Not sure if I am in the right place but I have several LLC's and I am putting them all under an Umbrella company. The two questions I have are
1. Do I want to designate the Umbrella Company as an S-Corp for taxation purposes? Is it a Form 2553?
2. When I am writing the certificates of ownership in the operating agreement of the LLC's do I use the term "100%" as ownership by the Umbrella Company? It asks specifically for quantities of shares but shares have never been formally issued but now I am giving ownership to the Umbrella Company. Make sense?

Thanks so much for any assistance you can provide!

C
 

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