My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Growth Strategies

Is it wise to have two in-home businesses be subsidiaries of an LLC?

min read
Opinions expressed by Entrepreneur contributors are their own.
<P>Lisa</P>
<P>Simply put, yes you can easily use one LLC to run the two different profit centers.  If you open a second LLC you are up for another set of fees and tax returns for the second company.  So yes, with one LLC just one return there and then private returns for yourself and your husband.</P>
<P>Remember this, an LLC is an entity all to itself and it can carry on many different activities even if the activities are totally unrelated.</P>
<P>Be sure to go see a good accountant or tax and estate planning attorney though as every state and even some counties have different rules.  That said, some even have different rules for home based companies.</P>
<P>Good luck with the new business.</P>
<P>Brad Sugars</P>

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur