How To Structure Multiple Businesses Under One Roof Australia

How to structure multiple businesses under a single business entity.

How to structure multiple businesses under one roof australia.

To simplify this tiresome work netsuite offers one of the best cloud based erp solutions. One company with multiple business names. Even within this structure there are a few ways to further. Co corporation tax if all businesses under one ltd.

Setup a group company and make it the parent of all companies you want under the same umbrella brand. Keeping with the previous example you may have an llc. Corporation an s or c corporation. Final thoughts on multiple businesses under one llc.

Create one corporation llc and have multiple dbas under the main corp llc might be best for me. Running multiple businesses under one roof is a very tedious task as it involves handling various paper works compliance accounting multi currency if applicable taxing etc. I was reading the article how to set up and structure multiple businesses and i believe that option 2 option 2. Determine if the business trade name you d like to use is available in the state in which you choose to form a business entity.

One way to structure your multiple business ventures is to form a single company and register as many fictitious names also called doing business as names or dbas as you need. Another common option is to file one llc or corporation and then set up multiple dbas doing business as for each of the other ventures. While running multiple business ventures under the umbrella of an existing llc offers a degree of simplicity and avoids multiple business formation fees the matter of liability risk to the business and business owners is something to. Netsuite oneworld which efficiently manages the multi subsidiary structure.

The most common business structures for multiple business ventures are operating as. I am looking to branch into other business ventures unrelated to event planning. Well if you are not satisfied with the answer then you will need to deep dive. Just forming multiple companies don t make brands that sell.

For any business structuring questions contact legalvision s business lawyers on 1300 544 755 or fill out the form on this page. Think of it as owning one big house and inside the house you have many different rooms each with their own name. When one or more products or services are symbiotic or fit naturally with one another the sub brand or brand extension will often work. I already have an llc for my event planning company.

First determine which type of business entity you d like to form. I also plan to set up one or two other businesses in the not too distant future so it would be handy to know in advance for these too. The library the dining room the smoking lounge etc.