Legal Question in Business Law in Pennsylvania

Corporate Law

Background: I just started an S-Corp. I own several internet businesses.

Question: Can I run these internet businesses under the one umbrela of the S-Corp.

Deatils: The internet business are each widely different in the way they make money - not related in anyway - except one - I am the sole owner.

I would like to keep it as simple as I can in both legal and accounting.

I prefer one bank account and books.

I have been expoloring subsidiaries and LLC's and have gotten lost in the chatter.

This is the first corporation I have ever owned and wish to do it right the first time, but my personality needs simplicity to make it work.

Kind Regards, Thanks in advance!


Asked on 1/12/07, 6:38 pm

1 Answer from Attorneys
Daniel Pepper Pepper Law Group, LLC

Re: Corporate Law

As long as your articles of incorporation are not drafted in a way to limit the activities your corporation can undertake, there shouldn't be any reason why you couldn't have each line of business under the one S-corporation.

Read more
Answered on 1/12/07, 7:26 pm


Related Questions & Answers

More Business Law questions and answers in Pennsylvania