zlacker

It's incredibly common, there are probably even more but these are the most asset rich companies. If properly structured even something like a local gym is going to be 6-8 entities. I took multiple entire classes dedicated to corporate structure. Multiple entities are needed to maximize liability protection and tax avoidance purposes.

>>hattma+(OP)
> If properly structured even something like a local gym is going to be 6-8 entities.

Can you explain that? It seems outrageous to me.

>>SahAss+Et
It's not true, and people claiming this are just trying to normalize these bizarre weblike corporate structures when in fact they're usually used to make a business law-proof in a way that's very contrary to the intent and purpose of the relevant law.

(If your local gym is structured as 6-8 entities you should probably not go there because you're going to be screwed if you injure yourself.)