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by colinbartlett 201 days ago
Can anyone comment about how common this (apparently legal) practice is?
4 comments

Setting up a separate company for a major construction project is so common that it would be surprising to hear someone didn’t do it. The structure of the OP makes it hard to understand if there’s some more specific aspect he’s objecting to.
Film industry, too, as I understand it. Pretty much every production is set up with it's own LLC.
A couple thousand of them in the US https://carta.com/data/spv-spotlight-q3-2024/
MBAs gotta have something to do.
About as common as breathing.