Make Connections

Network, Get Answers, Find Members in Your Area, and More!

Forums » Advice, Smarts and Warnings

Need advice on LLC for new business

    • 2 posts
    February 21, 2007 6:39 AM EST
    I am about to register an LLC for my new business (OwnerSelect), and I am facing a dilemma.  Do I register it as OwnerSelect, LLC, or do I create a parent company for this and any other future (similar) businesses?

    Registering as OwnerSelect will protect future business ventures from legal and financial liability.  I think it would be easier to do business (e.g. banking) this way, as I wouldn`t have to use a different dba name.

    Registering a parent company saves me the potential cost and complexity of registering future businesses and filing separate tax returns.

    Which way to go?  Any advice you can give is greatly appreciated.
    Brett2007-2-21 12:43:53