I have two businesses under the name Bare Pines. Can I form an umbrella LLC for both?
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I have two businesses under the name Bare Pines. Can I form an umbrella LLC for both?
I operate an entertainment company through the name Bare Pines, which is currently registered under my dad’s name as a DBA. I have an independent contracted distributing opportunity that I’d like to take advantage of under the name Bare Pines. Can my dad and I form Bare Pines LLC to cover both Bare Pines Entertainment and Bare Pines Distributing so that we can operate both?
Asked on December 20, 2017 under Business Law, Oklahoma
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Yes, an LLC can have multiple businesses operating under it. You can:
1) have a parent LLC which then owns two (or more) different LLCs (e.g. "Bare Pines, LLC" owns "Bare Pines Entertainment, LLC" and "Bare Pines Distributing, LLC"); or
2) Have a single LLC which operates under two or more different names ("Bare Pines, LLC" which is "d/b/a Bare Pines Entertainment" and also "d/b/a Bare Pines Distributing").
Either is perfectly legal, and there are pros and cons to either set up:
a) Parent plus subsidiary LLCs: you can protect each business from any debts, obligations, or lawsuits against the other; may also be easier to keep the accounting 100% separate and distinct, to make tracking profit, losses, etc. easier.
b) One LLC d/b/a different names: you can more easily shift money and assets from one operation to another.
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