How To Structure Multiple Businesses Under One Roof Examples

How to structure multiple businesses under one roof.

How to structure multiple businesses under one roof examples. Running multiple businesses under one llc. I am looking to branch into other business ventures unrelated to event planning. One way to structure your multiple business ventures is to form a single company and register as many fictitious names also called doing business as names or dbas as you need. However it is not suggested different businesses can be floated at a time and it should be gradually one aft.

Think of it as owning one big house and inside the house you have many different rooms each with their own name. Under this name you start registering your businesses according to your ideas. I already have an llc for my event planning company. Liability risk could be larger all liability under one roof non separate finances and books could be confusing.

Create one corporation llc and have multiple dbas under the main corp llc might be best for me. Use one llc to run both businesses. Easy to test business models products offerings etc. Bringing multiple businesses together hasn t been easy but babin said there s a lot of crossover.

Keeping with the previous example you may have an llc. Initially simpler but not if things grow lower costs one articles of organization and one llc annual report cons. The library the dining room the smoking lounge etc. Another common option is to file one llc or corporation and then set up multiple dbas doing business as for each of the other ventures.

First of all you need to select a name for your business.