Operating Multiple Businesses Under One LLC
It is possible and permissible to operate multiple businesses under one LLC using a "Doing Business As" (DBA) name. This allows separate businesses to run under the LLC while filing just one tax return. However, if one business faces liability, all businesses under the LLC are at risk since assets aren’t isolated.
Setting Up Multiple Businesses Under One LLC
- Using DBA Names
You can operate multiple businesses under one LLC by using "doing business as" (DBA) names. This allows you to run separate businesses under the LLC while filing one tax return. However, if one business faces liability, all businesses under the LLC are at risk since assets aren’t isolated.
Having Multiple Businesses Within One Corporation
You can have multiple businesses under one corporation by using "doing business as" (DBA) names. This allows you to run separate businesses under the corporation while filing one tax return. However, if one business faces liability, all businesses under the corporation are at risk since assets aren’t isolated.
Establishing Separate LLCs for Each Business
Instead of using one LLC with multiple DBAs, create separate LLCs for each business, then establish a holding LLC above them. The holding LLC owns the LLCs below it, sheltering them from cross-liability. This structure offers more protection but requires administration for multiple entities.