I have a question that I hope someone can answer. I`d like to know if I should create a single LLC that encompasses all my business activities, or if I`d be better off creating multiple businesses. For example, if I were to have multiple revenue generating websites and if I were to do freelance work on the side, would it be possible for me to create one LLC that encompasses all of the websites as well as any freelancing I do?
Currently, I am billing as a sole proprietorship/dba for the freelance work, I have registered one website as an LLC, and I am in the process of starting another site.
The key concerns I have with regards to this issue are...
- Ease of folding in additional businesses/websites in the future
- Accounting and taxes
- Issues with selling a single business/website
- Being able to accept credit cards on different sites under different names
Thanks in advance for your help.