I am currently expanding my business operations to include recycling drywall into a soil amendment by grinding the new construction trimmings into a granular powder. It will be sold to local farmers. In order to have the room I needed for this operation I have purchased the family farm from my dad. I will now have the room I need to have a grinding area and temporary storage for the gypsum which is the product produced by this process. What this means is I potentially have three businesses on my hands. My drywall scraps removal business that I have owned and operated for ten years and that is already incorporated. A drywall recycling business and the farm which will have 56 tillable acres. The farm is currently a row crop operation that I intend to convert to landscape products at some time in the near future. My accountant has advised me that in order to limit my liabilities and the chances of losing all three companies at once in the event of a lawsuit. That I should incorporate the three companies individually. The farm would lease the space to the recycling company that is required. The construction clean-up company would pay a dump fee to the recycling company. The recycling company will be the permit holder for the recycling operation and sell the end product to the farmers. The farm would be operated independently. Now my question: My concerns are the costs of keeping all these companies separated. Would I need to pay separate workmans comp for each of these companies? What about insurance costs? Would a general liability policy cover all three? But then if I do that how would it protect the farm from a lawsuit that say for instance the recycling company suffers. As of now my original company only has the 2 full time employees, consisting of my wife and me. However I can see the need for hiring additional employees in the near future. Getting the property purchased, closing costs and other expenses has left me cash poor temporally so hiring an attorney at this time is not an option. That situation will be remedied in the near future by the savings that will occur when I discontinue paying to dump the drywall at the land fill. My problem however is that I need to decide now about starting theses other companies because if I am going to do this I will need to file the incorporation papers ASAP. In addition to the incorporation paper work I will need Fed. ID numbers and all other related work that goes along with this. Separate bank accounts, Company name availability searches and such. So I am hoping to get some preliminary advice and should I need to involve an attorney at some point I will do so then. I have been thru the incorporation process before. I have computer software that I used to set up my existing company and it is easy to use. So I will be going that route again. My question about the workmens comp insurance is my main issue at this time. It would be a very costly proposition to be required to carry the same coverage on my wife and myself three times. Any advise would be appreciated.