I'm turning 3 personal projects into 3 separate businesses this year. 2 will be e-commerce websites, and 1 will be a subscription website. Wasn't sure the path of least resistance since I'll have my hands full. Would I need to apply for each one of these individually, or can I combine under one roof somehow? (I believe I need a Employer Identification Number for each one, do I need 3 sellers permits as well?)
I believe a DBA would be a good fit for me, but my concern would be that I am not protected from another business being started with the same name.
Thanks for your time,
You need to seek a consultation with an attorney to advise on the best legal entity for your business(es) based on your objectives. It costs money to incorporate and maintain corporate entities. At the same time, separate entities might make sense to minimize exposure. Only after a meaningful conversation with an experienced attorney like myself can you have a better sense of how to proceed. I wish you much success on your entrepreneurship endeavors!
The short answer is there is no real quick way to answer this. There are tax issues to consider, administrative costs/complexities with having one or many entities, on top of the legal/business issues you must consider. It also may make sense to roll these out a different points, rather than all at the same time. I agree you should consult with an attorney to have an initial scope conversation to see what makes the best sense and to discuss costs, time, risks, etc. Best of luck.
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