Legal Question in Business Law in Florida

Multiple LLCs or multiple businesses under 1 LLC?

I am starting 4 web businesses at the same time, all based in FL. I would like all of them to be under the umbrella of a single LLC rather than file for 4 separate LLCs. My accountant says that multiple businesses can be run out of the same LLC entity, so there should not be a problem. Any advice regarding whether thre are serious pitfalls for this approach?

Thanks.


Asked on 7/07/09, 8:45 pm

2 Answers from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Multiple LLCs or multiple businesses under 1 LLC?

It is possible; it is legal. Whether it is advisable depends on a lot of facts not apparent from your question.

Read more
Answered on 7/07/09, 9:16 pm
Sarah Grosse Sarah Grosse, Esquire

Re: Multiple LLCs or multiple businesses under 1 LLC?

Your question: Any advice regarding whether thre are serious pitfalls for this approach?

Answer: Yes, retain an attorney to review all the facts and advise you in this matter.

Read more
Answered on 7/08/09, 2:45 am


Related Questions & Answers

More Business Law questions and answers in Florida