Q: Can I have one parent company and multiple DBAs?
I have two small businesses that are home-based. I would like to get one business to act as a parent company to the other small businesses we create.
Good question and yes you can create multiple doing business as (DBAs) registered to a single LLC. However, you will run the risk or exposing yourself to liability by keeping all your eggs in one basket, because a claim against one DBA will be a claim against all them. It is wise to create different entities for the DBAs to protect the assets of one from the debts and liabilities of the others. Additionally, if you operating under one LLC, you will have one tax ID number for all DBAs and accounting and taxes can get risky.
Contact my law firm, Raines Legal Group, P.C. (www.raineslegalgroup.com), to discuss any and all business law matters.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.