patrickr926
New Member
Cash: $ 0.70
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Joined: 17 Sep 2005
Location: Louisville, Ky
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| help with corp or llc |
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hi, i'm new to this forum. i'm looking for some advice. i own five different buisnesses. i was wondering if i should put them all under one name or one business. or if i should just leave them the way they are. please help me.
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Sat Sep 17, 2005 3:02 am |
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paydays
Member
Cash: $ 0.00
Posts: 10
Joined: 23 Sep 2005
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You should really speak to a good CPA or Lawyer in your area..... I know what I'd do would be different from somebody else...
At the end of the day... the IRS will come after you, so you need to do things right from day 1
Good Luck
Mark 
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Fri Sep 23, 2005 6:37 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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You'll have to provide more detail with your question.
"Expect me when you see me."
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Fri Sep 23, 2005 9:09 pm |
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Offshore-Wealth.com
Senior Member
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Joined: 20 Jul 2005
Location: FREEDOMLAND
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| Re: help with corp or llc Offshore-Wealth.com |
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quote:
Originally posted by patrickr926
hi, i'm new to this forum. i'm looking for some advice. i own five different buisnesses. i was wondering if i should put them all under one name or one business. or if i should just leave them the way they are. please help me.
Interesting,
If you own five businesses, you mean none are incorportated? How old are your businesses? Are they making profits? Are they viable businesses, as in growing?
The issue is simple, if these are real businesses, registered as DBA, then you can put them all under one corporation and this would certainly be less costly and still provide you with the protection and tax advantages you need in any business. Tell us more and I could better advise you, but no matter how small your businesses are, you should incorporate, and generally, Sub Chapter S is most advised, LLC could be considered, or a standard C-corp, but I would need to know more first.
Good luck to all, Mike
Invest Peanuts for Millions
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Sun Oct 02, 2005 5:13 pm |
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