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Forming a Main Company and Smaller Ones Under It??

Discussion in 'Business & Tax Advice' started by ShadeDream, Feb 4, 2009.

  1. ShadeDream

    ShadeDream Elite Member

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    He who laughs last, laughs longest.
    I was thinking of forming a company but what I would be looking for is creating one main company, e.g. LaserDust LLP or LTD which would for example have companies under it such as LaserDust Marketing LLP or LTD and others??

    Basicaly what I mean is I would have one main company called "Company Main" and I would want to have a few companies under it such as "Company A, Comapny B, Company C" which I would create within time etc... and I was wondering how would it be best to do this?? Thanks.
     
  2. ximscreamingx

    ximscreamingx Power Member

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    Look up "Doing Business As"
     
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  3. pantheos

    pantheos Newbie

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    Here are a couple of easy ways to do this:
    1. setup an entity (i.e. c-corp., s-corp, LLC, etc.) and make sure that the stated purpose is "Any Legal Purpose" and then use DBAs for the separate projects.
    2. another option is to setup an entity for the main business and then create limited partnerships between yourself and your company. Make sure that you are the limited partner, that way the liability will mainly fall on the company. Just a side note, it's easier to add and remove real property without tax consequences in this type of setup than using a corp. alone.

    Hope this helps.
     
  4. innocent

    innocent Junior Member

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    It has already been somewhat discussed here.... Just set up your Corp or "main company" and get a federal tax ID. Then set up any number of companies below it "doing business as" or "DBA". Of course you would get a new and distinct tax ID for those DBA companies as well. Easy than it sounds.