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How many LLC's for different businesses?
I want to buy and sell some real estate and also plan to open a retail store and body shop, do I use 1 LLC for all companies or have an LLC for each?
Greg,
Theoretically, you could use one LLC for mutliple business, however it is not recommended. Since each business carries its own liabilities it is a good idea to limit those liabilities as much as possible by forming LLC for each business.
You are welcome to contact us directly via email or chat if you have any additional questions or want to get assistance with placing an order.
Good luck with your business,
Robert Kowalski @
IncorporationAnswers.org
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