Multiple LLCs or multiple businesses under 1 LLC?
I am starting 4 web businesses at the same time, all based in FL. I would like all of them to be under the umbrella of a single LLC rather than file for 4 separate LLCs. My accountant says that multiple businesses can be run out of the same LLC entity, so there should not be a problem. Any advice regarding whether thre are serious pitfalls for this approach?
Thanks.
Asked on 7/07/09, 8:45 pm
2 Answers from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Multiple LLCs or multiple businesses under 1 LLC?
It is possible; it is legal. Whether it is advisable depends on a lot of facts not apparent from your question.
Answered on 7/07/09, 9:16 pm
Sarah Grosse
Sarah Grosse, Esquire
Re: Multiple LLCs or multiple businesses under 1 LLC?
Your question: Any advice regarding whether thre are serious pitfalls for this approach?
Answer: Yes, retain an attorney to review all the facts and advise you in this matter.
Answered on 7/08/09, 2:45 am
Related Questions & Answers
-
Can we trademark legally? My husband just recently sold his share of a restaurant... Asked 7/07/09, 5:59 pm in United States Florida Business Law
-
Online Wagering: I live in Florida and he'd like for me to open I have a friend who... Asked 7/05/09, 12:08 pm in United States Florida Business Law
-
Signiture fraud for business Hi i oppend a businnes with my step son i was the... Asked 7/03/09, 10:51 pm in United States Florida Business Law
-
Someone opened a business using my corporation without promission what is my right... Asked 7/03/09, 10:21 am in United States Florida Business Law
