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2 Replies Last post: Jun 26, 2008 9:56 PM by jerry1980

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
in response to: h1t3ch
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
in response to: h1t3ch

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
in response to: h1t3ch
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
in response to: h1t3ch
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 109 posts since
Jul 7, 2009
5. Re: Question about LLC coverage on DBA's Jul 25, 2009 12:03 PM
in response to: h1t3ch

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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