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.
