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02-17-2001, 12:40 PM
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LawnSite Member
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Join Date: Jan 2001
Location: ABINGTON,PA
Posts: 84
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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?
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02-17-2001, 03:42 PM
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LawnSite Bronze Member
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Join Date: Feb 2000
Location: Midwest
Posts: 1,278
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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.
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02-19-2001, 09:06 AM
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LawnSite Senior Member
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Join Date: Dec 2000
Location: Southern Maryland
Posts: 739
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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.
__________________
Great Day to Cutt Some Grass
Just Cutts, LLC
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02-20-2001, 09:10 AM
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LawnSite Bronze Member
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Join Date: Feb 2000
Location: Midwest
Posts: 1,278
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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.
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