LLC and Corporation?

I have a LLC based in Pa..We are buying a Corporated company in IL..Our billing and administrative is in PA..our operations are in IL...The Corporation we are buying, I wanna use the Corporation to pay our employees through it(I can get better insurance rates with a company based in IL). The people being paid will have more responsibility with the PA LLC..the corporation is a real and active company..But not everyone on that payroll will be working with that company..is this legal ?

You might consider creating a holding company in IL.

This definition comes from The Motly Fool

Holding companies are conglomerates that own other firms. Investorwords offers a more specific definition: "A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. Also called parent company."

This comes from Webster's

Holding companies are conglomerates that own other firms. Investorwords offers a more specific definition: "A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. Also called parent company."

You can control the payroll, insurance and other operating expenses (telephones for instance) through the holding company without affecting the day-to-day operations.

Talk to your attorney and CPA about the benefits of setting up a holding company.