A lawsuit alleges that the LuLaRoe founder and CEO Mark Stidham and several associates are hiding money and assets in a web of LLCs.

Stidham and his associates have been connected to at least 33 LLCs set up since 2015, according to documents reviewed by Business Insider. Thirty-one of those LLCs are still active.

The majority of these LLCs also list LuLaRoe's "hub" in Corona, California, as a principal office.

In its lawsuit, the manufacturer Providence Industries claimed that several of these LLCs were linked to assets such as a world-record-breaking car worth over $2 million and a lush ranch in rural Wyoming.

"We believe the claims in this case are completely without merit and will fight vigorously against them," a LuLaRoe representative told Business Insider in a statement.

LuLaRoe's manufacturer has filed a lawsuit against the legging empire, alleging that the company and its leaders are playing a shell game to avoid paying creditors.

Providence Industries, LuLaRoe's clothing supplier, is seeking $49 million in the lawsuit, which alleges that LuLaRoe's founders, Mark and DeAnne Stidham, along with their business associates and relatives, have transferred "substantial assets" to both themselves and their family members to support "lavish lifestyles" and avoid paying creditors.

The lawsuit identifies 17 limited liability companies, which Providence Industries claims are used to hide assets like "exotic race cars, airplanes, warehouses, residences, and raw land."

"We believe the claims in this case are completely without merit and will fight vigorously against them," a LuLaRoe representative told Business Insider in a statement. "Given this is pending litigation, we cannot comment on the specifics."

Mark Stidham submitted a sworn declaration to "address some of the patently false statements" in Providence Industries' filing, saying the limited liability companies mentioned in the lawsuit were real-estate and investment holding companies with "no nefarious or improper purpose."

Business Insider has reviewed documents linking LuLaRoe and its founders to 33 LLCs established in the past three years. Two of the LLCs based in Wyoming — Varldspela LLC, established on April 10, and Bradham Investment Holdings, established on September 18, 2017 — were dissolved on June 18.

Here's a look at the web of LLCs and luxurious assets surrounding LuLaRoe, its founders, and their associates: