4. Blavatnik’s five-entity chain
Does not transferAIEH, Access Industries LLC, Access Industries Holdings, Access Industries Core Holdings, LYB Holdco, AI Chemical Holdings, AILEB — that architecture exists to manage US partnership taxation, Section 16 reporting as a 10% owner, and multi-generational transfer at a scale where the annual maintenance cost is a rounding error. For one founder and one operating company, every additional entity is real money in annual filings and real risk in reconciliation errors. The honest version for you is one holdco, possibly one family trust. Two layers, not seven.