How To Structure Multiple Businesses Under One Roof Australia

A sole trader under multiple business names.

How to structure multiple businesses under one roof australia.

By holly magister cpa cfp. How to structure multiple businesses under one roof. I was reading the article how to set up and structure multiple businesses and i believe that option 2 option 2. 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.

Final thoughts on multiple businesses under one llc. I already have an llc for my event planning company. In part one of this series we discussed the various options to incorporate multiple businesses while keeping each business as a separate entity. Just forming multiple companies don t make brands that sell.

When one or more products or services are symbiotic or fit naturally with one another the sub brand or brand extension will often work. While running multiple business ventures under the umbrella of an existing llc offers a degree of simplicity and avoids multiple business formation fees the matter of liability risk to the business and business owners is something to. Well if you are not satisfied with the answer then you will need to deep dive. Keeping with the previous example you may have an llc.

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. One company with multiple business names. Even within this structure there are a few ways to further. For any business structuring questions contact legalvision s business lawyers on 1300 544 755 or fill out the form on this page.

The most common business structures for multiple business ventures are operating as. I am looking to branch into other business ventures unrelated to event planning. It s worth noting that having a separate legal business entities can be costly when it s time to file your taxes.