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Forums » Accounting & Financial Management

Multiple business setup legal/accounting.

    • 1 posts
    September 6, 2009 8:02 AM EDT
    We have multiple business operations, all related but currently run seperately under "doing business as" registered names. We are looking at options of changing our operations to protect assets and improve the tax situation. The businesses include a multiple farrier practice, a horse breeding/sales operation, a horse training operation, a riding/horse leasing operation, and an architectural blacksmithing operation.
    Our thought is to organize in a manner that will protect the assets of each operation should one fall into trouble. In addition we would like to operate so the two primaries are receiving a single large income each rather than mutliple small incomes. My question is what would be the best way to organize these individual operations from both an accounting and legal perspective (i.e. incorporate a holding company and register the individual businesses under the holding company.)
    • 37 posts
    August 17, 2012 11:04 PM EDT

    Setting up accounts is really very important when you are planning to start a new business. And, it would be really great if you are using accounting softwares to handle all of your accountings easily and plan things for your business.

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    Moving Software

    • 331 posts
    October 26, 2009 5:10 AM EDT

    i'd take an hour and pay my local tax / business formation attorney a visit.  it's great that you are getting ideas from the community but for a situation beyond "average" like yours the professional advice is well worth paying for.  another reason is that you are likely going to establish legal entities in the state that you live in correct? if so, local advice is certainly the best

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