2 ms·
Short answer - ask your lawyer/accountant. I personally run a few small businesses out of 1 LLC. Because I am a single employee of the LLC, the LLC gets treate
by sebg 12y ago
Short answer - ask your lawyer/accountant.
I personally run a few small businesses out of 1 LLC. Because I am a single employee of the LLC, the LLC gets treated as a disregarded entity (http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Single-Member-Limited-Liability-Companies http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employ...). I work with my accountant to report everything from all the different websites/business but at the end of the day, it gets reported on my personal tax.
- vonklaus 12y agoI don't have and an't afford a lawyer. At te end of the year I will get an accountant to do my taxes. It sounds like you are running a couple companies under a single entity. I think that makes sense. In a best case situation any individual company would generate ~10k in annual revenue. Maybe the better ones would be 80k. What did your lawyer say about liability. If one company got sued, couldn't they come after the assets of another because it is knly a single entity?