Forums: Discussions for entrepreneurs and small business.

1. Ease of folding in additional businesses/websites in the future
2. Accounting and taxes
3. Issues with selling a single business/website
4. Being able to accept credit cards on different sites under different names

many

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James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

I can help you with Startup Capital and I am willing to share my course for free on getting
upto 200k in business credit. My free audio is in my profile





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http://liquidatebiz1ab.fileave.com/33.htm

James is right that there are “many” different factors to consider.

Despite the fact that incorporating a business usually affords some protection against personal liabilities (financial & legal) as a result of doing business, most organizational structures have unique footprints that can enable you to achieve your strategic business objectives.

For instance, there are many companies that own multiple websites under a single corporate umbrella. They usually do business under their domain name, and bill customers under the name of their business. In most cases, this shouldn’t be a problem.

Another distinctive factor to consider is whether or not you anticipate the need to accommodate partners or investors down the road.

In general I would reckon that revenue levels (current & future) are also a good indicator of whether it makes sense to employ a corporate (perhaps even multi-tiered) structure.

After all corporate structures require ongoing maintenance, such as filing annual reports with the Department of State and corporate income tax returns.

I hope this helps.


Mark



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Jackson Steiner
http://www.JacksonSteiner.com

Advanced Document Design for entrepreneurs, intermediaries, and the financial services industry.
http://www.Publications.FastVentures.com

I would suggest one corporate entity and multiple dba`s if that is what you are trying to accomplish. As Mark mentioed there is maintainance that goes along with another entity, plus there is no real reason. If you are interested in having different "brands" simply use multiple Assumed Business Names.

My first inclination would be to say separate. But you also have to look at risk vs expense. Are the websites very different in risk of exposure to legal action? Are you giving any type of professional advice or offering services on these sites that might subject you to legal action? 

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I think it's not really advisable to start too many companies within the first year. That's one of the reasons why companies go bust. Focus is crucial in the beginning.

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