5 ms·
I'd highly suggest that you separate your websites into different llcs because of a variety of reasons. Firstly, liability is rarely a serious issue in tech but
by camz 16y ago
I'd highly suggest that you separate your websites into different llcs because of a variety of reasons. Firstly, liability is rarely a serious issue in tech but it's always better to be safe than sorry right?
Secondly, by separating the assets you can make sure that upon a sale, the exit would go much easier and smoother generally. Making a purchase of stock is generally easier than buying individual assets. Also, you won't need to allocate the price of the sale to all of the assets based upon the fmv of the assets. Basically, it'll also save you money on legal and accounting fees.
Thirdly, selling through a llc or legal entity In general is great because it also leaves room for tax planning strategies. Ex, if sell based on assets you'd have to pay tax on the sale of personal property. Most propel don't even know that there's a tax on personal property or what personal property is. But, a sale through stock generally helps you avoid this type of exp. Learned this dandy trick in my stint in m&a.