can an llc buy stock
When an LLC Can Buy Stock. An appealing characteristic of an LLC is that members -- the LLC owners â can use the entity for any legal purpose, which includes investing company money in stocks. Members also have the authority to draft operating agreements as broadly or narrowly as they desire.uying Stock in S Corporations. Certain small businesses make elections to be taxed as S corporations in order to avoid the double taxation that results by default with corporate entities. Although an LLC member can buy stock in an S corporation if fewer than 100 shareholders exist, an LLC cannot.