{"id":3658,"date":"2022-03-30T22:23:31","date_gmt":"2022-03-31T02:23:31","guid":{"rendered":"https:\/\/www.incsight.net\/?p=3658"},"modified":"2026-07-15T18:18:11","modified_gmt":"2026-07-15T23:18:11","slug":"how-should-i-structure-multiple-businesses","status":"publish","type":"post","link":"https:\/\/www.incsight.net\/blog\/2022\/03\/30\/how-should-i-structure-multiple-businesses\/","title":{"rendered":"How Should I Structure Multiple Businesses?"},"content":{"rendered":"

Lets be honest, entrepreneurs are always thinking about new ideas. This is why you often see successful business owners have many different businesses often times even in completely different industries.<\/p>\n

A question that comes up often in our\u00a0<\/span>Free Facebook Group<\/a>\u00a0<\/span>stems around this idea of how to structure your business when you have multiple businesses or entities. That is exactly what we want to talk about today.<\/p>\n

For our discussion here we are strictly talking about operating businesses aka businesses that you are active in. If you have rental businesses or passive activities that would be a separate conversation.<\/p>\n

I also want to stress that we are looking at this from a tax perspective and we also recommend talking to an attorney to ensure this fits well from a legal perspective.<\/p>\n

What Options Are Available To Structure Multiple Businesses?<\/h1>\n

Before we dig too deep lets talk about the possible options and then we can drill into them specifically.<\/p>\n

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  1. Main\/Parent Management Company With DBAs for Separate Businesses<\/li>\n
  2. Main\/Parent Management Company That Owns Separate LLCs<\/li>\n
  3. Separate LLCs Owned By You Individually<\/li>\n<\/ol>\n

    Lets also remember this idea of an S Corp when we are thinking about the setup. We talked about an S Corp the previous two weeks (along with a full series we did last year), so revisit those episodes if you haven't already.\u00a0<\/p>\n

    What Is An S Corp?<\/a><\/p>\n

    When Should I (or Should I Not) Become An S Corp?<\/a><\/p>\n

    Everything You Need To Know About S Corporations<\/a><\/p>\n

    The setups that we talk about here will typically assume that you would qualify and want to implement the S Corp setup.<\/p>\n

    Ultimately\u00a0if it is decided that an S Corp would make sense for you (to help minimize self employment taxes) we want to ensure that any active business profits are flowing through an S Corp prior to hitting your personal return.<\/strong><\/p>\n

    Lets dig into these specific scenarios.<\/p>\n