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.