Quick Answer: Can I Use The Same LLC For Multiple Businesses?

What business structure would be best for a large family business with multiple locations?

Put DBAs under one corporation/LLC.

Another common option is to file one LLC or corporation, and then set up multiple DBAs (Doing Business As) for each of the other ventures..

How do you manage multiple businesses?

9 Ways You Can Successfully Oversee Multiple BusinessesUse the same physical space to run both places. … Bring the two businesses together as much as possible across processes. … Prioritize what needs your attention. … Try not to sweat the small stuff. … Make lots of lists and follow them. … Use a time-tracker tool for your multiple businesses.More items…•

By common law, a logo is trademarked as soon as it’s used in commerce. But, according to LegalZoom, this may only protect you in your immediate locale. State registration will provide additional protection, and it’s relatively simple and inexpensive. Federal logo trademark registration is a bit more of a process.

How many LLC can a person have?

Making multiple LLCs, in fact, is perfectly legal; there is no limit to the number of LLCs one person can register. On the other hand, it’s more paperwork than you might otherwise need to do. Taxes become individual taxes for each LLC, rather than one larger aggregate whole.

Do you need a separate EIN number for each business?

Generally, businesses need a new EIN when their ownership or structure has changed. It is not possible to use the same EIN for different Entity types or for businesses that are not related. … Because these types of businesses fall under different tax rules, they require separate EINs.

Can I run multiple businesses as a sole proprietor?

You can have multiple businesses under one sole proprietorship, each reflected on separate Schedule Cs on a personal income tax return, but the business entities must have activities that are very different from each other— perhaps a barbershop and a construction company.

Can I use an old EIN for a new business?

Generally, you need to apply to the IRS for a new Employer Identification Number, or EIN, for any new business. However, under certain conditions, you can use a previous EIN, such as for a limited liability company or a partnership.

Do I need a new EIN if I move my LLC to another state?

Your EIN is used by the IRS for federal tax purposes. … Although usually only one EIN is necessary no matter what state you move to, there are two instances in which a new EIN is required: If you create a Limited Liability Company (LLC) in a new state. If you plan on starting a new, separate business in a new state.

How can I run two businesses under one company?

Create an LLC Holding Company With Individual LLCs Under It. Another option for running multiple businesses is to create individual LLCs for each of the businesses and then put them under one parent LLC that acts as a holding company.

Can you use the same EIN number for multiple businesses?

It is not possible to use the same EIN for different Entity types or for businesses that are not related. … If you have multiple businesses that are taxed differently, such as a corporation and an LLC. Because these types of businesses fall under different tax rules, they require separate EINs.

What’s the best way to legally structure multiple businesses?

Three ways to legally structure multiple businesses:Single business entity with multiple DBAs. … Form separate LLCs or corporations for each business unit. … Create a holding company with separate LLCs or corporations beneath it. … Each to their own — the importance of considering each client’s unique situation.

What do you do when someone uses your business name?

Protect Your Name If someone uses your name, simply showing proof that you’ve trademarked the name could be enough to convince a business to choose something else. Most importantly, if you must go to court, you’ll have legal proof that you registered the name.

Does your LLC have to be your business name?

An LLC’s or corporation’s legal name is the official name used when you file with the state to form your LLC or corporation. It appears on your formation document (e.g., Articles of Incorporation or Certificate of Organization.) … But, it can have any number of assumed or DBA (doing-business-as) names at the same time.

How do I form multiple businesses under one LLC?

You can run two or more businesses under one LLC by either:running all the business activities under one LLC name, or.registering DBAs (“doing business as”), also known as Fictitious Names.

Can multiple LLCs have the same address?

Yes you can: Have the same person as the registered agent for many LLCs (and corporations, too). Have many LLCs (or businesses for that matter) can share the same registered office.

Can two businesses have the same name?

Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.

Can I use the word Enterprise in my business name?

When choosing a business name, keep the following tips in mind: … Don’t use the word “Enterprises” after your name; this term is often used by amateurs.