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LLC cannot issue stock, right? If you buy back all stocks then you don't need to provide detailed public reports except to major stockholders?
by goptimize 9y ago
LLC cannot issue stock, right? If you buy back all stocks then you don't need to provide detailed public reports except to major stockholders?
- zrail 9y agoAlphabet is the only owner of Google Inc stock. They're retiring it all and converting the Google subsidiary to an LLC. That in no way removes their reporting requirements, because Alphabet is a publicly traded company.
- kgwgk 9y agoThe reporting requirements will be reduced, though. Alphabet reports consolidated results and you don’t get the same level of detail for each subsidiary as you would for an independet company.