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5 Replies Last post: Jul 25, 2009 11:57 AM by TheSoloGuide

Question about LLC coverage on DBA's

Jun 17, 2009 9:29 AM

Click to view h1t3ch's profile Start-up h1t3ch 1 posts since
Jun 17, 2009
If I have a business that is an LLC (i.e. consulting business) and I wanted to start another one (i.e property management), can I setup the property managment as a DBA under the LLC so that it is also covered? or do I have to file a seperate LLC for the property management?
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Click to view expert00's profile Start-up expert00 1 posts since
Jun 17, 2009
1. Re: Question about LLC coverage on DBA's Jun 17, 2009 11:28 AM
You can have another DBA for the Property Management activity under the same LLC.
However, from liability standpoint, it is advisable to form a separate LLC to carry on the Property management activity.

Let me know if you have any questions.

Renu Vardhan, CPA
www.renucpa.blogspot.com
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Click to view AtlantaCPA's profile Professional AtlantaCPA 3 posts since
Jun 19, 2009
2. Re: Question about LLC coverage on DBA's Jun 19, 2009 11:26 PM

You should incorporate the second business or form it as an LLC on its own.

Enyinda Group (CPA)
Atlanta, GA
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Click to view riskman1's profile Authority riskman1 11 posts since
Jun 11, 2009
3. Re: Question about LLC coverage on DBA's Jun 23, 2009 2:15 PM
From the insurance side as long as both entites are named insured and maintain common ownership you should have no problems under your general liability and workers comp if applicable.
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Click to view Mike55's profile Professional Mike55 5 posts since
Jul 24, 2009
4. Re: Question about LLC coverage on DBA's Jul 24, 2009 11:57 PM
I am interested with your project. My name is Mike Christopher from Berkshire, and would like to run partnership with you, You can contact me via mikechristopher55@yahoo.com
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Click to view TheSoloGuide's profile Mogul TheSoloGuide 104 posts since
Jul 7, 2009
5. Re: Question about LLC coverage on DBA's Jul 25, 2009 12:03 PM

H1t3ch:


You can create both DBAs under one LLC, but I agree with Renu - from a liability standpoint you should create the two businesses under separate LLCs. If you run into trouble with one business - financially or legally - you don't want it to drag down your other business, too.


All the Best,


Doug Dolan

The Solopreneur's Guide

http://thesologuide.com

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