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Can/Should I run multiple business lines under one LLC?

    • 107 posts
    June 30, 2010 7:21 PM EDT

    It's way better to keep each business separate. That way you won't be liable for bankruptcy or force to wind up the business in case once fails really badly.

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    • 33 posts
    June 24, 2010 4:00 AM EDT

    Creative Bitz

    The short answer is that you could run everything under a single LLC. However, having said that, you would want to keep a separate bank account for each entity to help facilitate tracking revenue and associated costs with each line of business.

    You are going to want to track the profitability of each in order to help your decision making process when it comes to each business. If all of the costs and expenses are "thrown" into one bucket, it makes this type of analysis more difficult. Where possible if there are certain costs that are common to each, e.g., office supplies, etc., try to allocate among the three as best you can.

    Ed Baloga, CPA / MBA
    Principal CFO
    Baloga Associates

    • 1 posts
    June 23, 2010 4:58 PM EDT

    I'm new here and have a question on this same topic...My husband and I are starting three separate businesses but want to put them under 1 LLC. 

    One will be dba crafts

    One will be dba transcription (which I've been doing for years)

    One will be dba handyman services.

    Under xyz LLC 

    How would I do the books for these businesses?  I know I eventually need an accountant but I'd like to set up the books now and work with an accountant when the money is not so tight.  Do I keep all the money separate for the three businesses or run it all through the LLC? Thanks.

    Creative Bitz

    • 88 posts
    May 19, 2010 7:42 AM EDT

    There's no need for additional DBAs. It's like have multiple websites with different domain names selling different stuffs. All could be filed under the same LLC.

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    • 4 posts
    December 15, 2007 10:29 AM EST
    I am the only member of the LLC and have no plans to separate the revenue from the similar businesses. Is it necessary to register DBAs with my state?
    • 4 posts
    December 15, 2007 1:04 PM EST
    Piper, thanks. I don`t want to sound dumb, but please define "doing business". I have several website domains that I use for generating revenue. However, all revenue and expenditures are managed by my LLC. The websites may have different titles, but the site states it is owned and operated by the LLC. PayPal and CC transactions show up as billed by the LLC.

    Is this clear as mud? Thanks for any help anyone can give me. The state of Louisiana isn`t very clear on this issue.

    • 4 posts
    December 16, 2007 3:23 AM EST
    • 79 posts
    December 15, 2007 11:33 AM EST
    Well, if you`re going to be doing business under a name other than that of either yourself or your LLC, yes, you`ll have to file relevant DBAs.

    Accounting Made Simple | Sole Proprietor Tax Guide

    • 79 posts
    December 15, 2007 4:48 PM EST
    That should be just fine without filing any DBAs. For instance, if your LLC is ABC LLC, you could have 5 sites with different names as long as they each say somewhere that they`re run by ABC LLC. No need for DBAs.

    Accounting Made Simple | Sole Proprietor Tax Guide