 Re: Is it best to umbrella one business under another?
I don't know what is the proper way, so maybe someone else can give you better information, but I can tell you that it is ONE way of doing it. You can set up an LLC or a Corp. (your umbrella business) and then DBA (Do Business As) your smaller entities. This saves you the hassle of doing an LLC or Corp every time you want to begin a new business venture (especially if you have a corp, because corps can get costly to set up and maintain). After you file DBA paperwork, you can even open bank accounts in the smaller business's names if you want.
Last edited by BareApparel; June 9th, 2008 at 11:26 PM.
|