Yes, the natural person is the UPE and holds 55% of Target indirectly so list 55% in Item 1(f).
Question
From: Six, Anne
Sent: Monday, October 7, 2019 9:37:56 AM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: [Redacted]
Subject: FW: UPE Question
Yes, the natural person is the UPE and holds 55% of Target indirectly so list 55% in Item 1(f).
Best,
Anne
From: [Redacted]
Sent: Monday, October 7, 2019 8:59:26 AM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Subject: UPE Question
Hi all,
I have a quick UPE question:
A LLC has the right to 55% of the profits/assets upon dissolution of Target LLC.
Going up the organization’s ladder, A LLC Is controlled by numerous LLCs (100% each time), until we reach Holdings LLC (also 100%). Natural Person has the right to 53% of the profits/assets upon dissolution of Holdings LLC.
Is Natural Person still the UPE of Target LLC? And if so, would we list 29% (53% of 55%) for the percent of non-corporate interests the UPE holds in Item 1(f) on the form?