LLC as a Partner/Shareholder in another entity

Professor Fershee-

In Elf v. Jaffari, a Corporation became a member of an LLC. I was wondering, can this happen the other way around?

Can an LLC become a partner in an Limited Partnership or a shareholder in a Corporation?

Can an LLC become a member in another LLC?

Professor's Response:

For the first question, an LLC can own stock in a corporation, which would allow it to vote for members of the board. There is some nuance here in how everything is effected, but yes, an LLC can be an owner of a corporation.

For the second question, yes, an LLC can become a partner in an LP or own shares in a corporation. Click here for an interesting example of an LP with an LLC as the managing General Partner.

Finally, yes, and LLC can be a member of another LLC.