Good day friends,
I need some high level guidance with the following situation
A private company C Corp was purchased by a PE backed firm.
The PE firm fund and management form the following companies
New LLC company 1, it will serve as platform for governance
New LLC company 1 a new company holding LLC 2
New company holding LLC 2 acquires 100% of outstanding equity of C Corp (original company purchased)
New Company holding LLC 2 form NEW company operating LLC 3 (this company will transfer day to day business and be the operating company)
Under this setup i need some guidance on setup of legal entities and inital accounting transaction related to this.
Thanks for guidance.
I need some high level guidance with the following situation
A private company C Corp was purchased by a PE backed firm.
The PE firm fund and management form the following companies
New LLC company 1, it will serve as platform for governance
New LLC company 1 a new company holding LLC 2
New company holding LLC 2 acquires 100% of outstanding equity of C Corp (original company purchased)
New Company holding LLC 2 form NEW company operating LLC 3 (this company will transfer day to day business and be the operating company)
Under this setup i need some guidance on setup of legal entities and inital accounting transaction related to this.
Thanks for guidance.