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		<title>Second Business Under Existing S-corp</title>
		<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
		<description>Second Business Under Existing S-corp</description>
		<lastBuildDate>Mon, 14 Apr 2008 20:02:49 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[Thanks for the quick responses. ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
				<description><![CDATA[Thanks for the quick responses. Definitely looks like the consensus is to not add the business to the existing one, at least in the single S-corp form.&#160;I agree, and will not go that route.
]]></description>
				<pubDate>Mon, 14 Apr 2008 20:02:49 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm#725641</guid>
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				<title><![CDATA[The IRS likes to see separate bu]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
				<description><![CDATA[The IRS likes to see separate businesses in separate entities.&#160; In addition, in order to protect one business from the other businesses liability (current, future and/or potential) you should keep the businesses separate.
Since you`re jus]]></description>
				<pubDate>Mon, 14 Apr 2008 20:02:49 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm#725640</guid>
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				<title><![CDATA[
  My former husband and&#160;I]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
				<description><![CDATA[
  My former husband and&#160;I had a need for multiple business entities and we created a single-owner LLC owned by the S-Corp. That way things were kept separate, but taxes were still filed under the S-corp. Check it out with your accountant.]]></description>
				<pubDate>Mon, 14 Apr 2008 20:02:49 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm#725639</guid>
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				<title><![CDATA[My recommendation would be to ke]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
				<description><![CDATA[My recommendation would be to keep it separate, keep it simple.&nbsp; Open your own business checking account for the sole proprietorship.
]]></description>
				<pubDate>Mon, 14 Apr 2008 20:02:49 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm#725638</guid>
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			<item>
				<title><![CDATA[
  Hello. I have a question reg]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm</link>
				<description><![CDATA[
  Hello. I have a question regarding operating a second business under an existing S-Corp.&#160; My husband and I are 50% owners of an S-Corp which we use for operation of his 1-person electrical contracting business. 
  &#160;
  ]]></description>
				<pubDate>Mon, 14 Apr 2008 20:02:49 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Second-Business-Under-Existing-S-corp.htm#725637</guid>
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