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Ask the Taxman: Can I establish multiple businesses under a single LLC

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Ask the Taxman: Can I establish multiple businesses under a single LLC?

Answer:  The answer is yes--it is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.

If your business is filing as an entity, it can only have one Primary NAICS code.

There will come a time when you will want to separate the businesses for tax purposes due to changes in management structure, bring on investors, taxes planning, limiting liability, establishing separate business credit, etc.

Answer requested by R. Christian Joab

Source: Quora

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