4 ms·
Setting up multiple corporations for multiple sites is like setting up multiple companies for multiple products. You can set up one company and produce several
by subrat_rout 14y ago
Setting up multiple corporations for multiple sites is like setting up multiple companies for multiple products.
You can set up one company and produce several lines of related or similar products. Unless the products or sites are highly different from each other (Ex one from health care industry and other one from entertainment) you do not need to set up multiple corporations. So it is a bad idea. Think about tax implications and paperwork involved.Try to run a single entity and you will know how much work does it involve.
There are lot of media outlets out there with several sites, magazines or product but with just one corporation.
P.S- This is not a legal or professional advice. Seek advice from experts.