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Just One LLC?

by Jillycakes
2 replies
Hey warriors,

I'm just starting out and looking into forming my first business. Ideally, my plan is to have multiple income-generating websites (probably just niche sites, nothing overly fancy) and also sell my writing services. For anyone who does something similar (running sites plus work as a designer, VA, whatever), do you have multiple businesses registered to keep everything separate? Or do you just keep everything under a generic business name?

I'm still going to talk to a lawyer when I'm ready to incorporate, so I'm not necessarily looking for legal "advice." Just curious how you guys structure your stuff.

Thanks in advance
#llc
  • Profile picture of the author Toby Lewis
    If you're just starting out, DEFINITELY just have one company. Accounting is a pain in the bum as it is. You can just have a general marketing company and do everything under that. You don't even need to limit it to marketing, you can do any work you want with the 1 company.

    Thats what I do in Australia at least.
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    • Profile picture of the author freedumb
      Yeah, just start with one. Then create the entities as you need them.

      Entities do two main things for you:
      1. Protect you - Limit your liability
      2. Help you save on taxes

      You don't really need to worry about separating your entities until you have a good amount of business coming in.

      I started with one and now I have seven. But I didn't create an entity until one area was doing enough business to make it is own. I started with one company and created DBAs under it until that DBA was ready to move to it owns entity.
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