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SDF250
02-17-2001, 11:40 AM
can an s corp. engage in 2 separate kinds of biz?
landscape/tree
lanscape/sweeping
gen. contracting/paving
or do the have to be a separate biz?

Stonehenge
02-17-2001, 02:42 PM
I don't know about licensing requirments in your state, but if you want an S-corp that makes software and cleans gutters, that's up to you.

Green Finger
02-19-2001, 08:06 AM
As an S corp, it allows to to have one parent company.
Under that company you can have separate companies. Each company is responsible for filing separate taxes. Showing profits and loses.

It's called the umbrella effect.

Stonehenge
02-20-2001, 08:10 AM
Though you wouldn't have to have separate biz identities for

landscape/tree
landscape/sweeping
etc

They could be done under a single company name, unless you have liability reasons to not have the 2 together or related.