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Updated over 11 years ago,
Having 2 businesses under 1 LLC?
I recently got some licenses(tax prep and notary) which I plan to put under a LLC. I just recently stumbled upon this forum and others that deal with wholesaling, lease options, buying & selling land. Whats the disadvantages of putting a mix of services under 1 LLC? Ive read you can do it if you keep the articles of incorporation vague. Id also choose a vague name such as KC Solutions or something. I ask this because LLC costs in California are ridiculous at around $800 a year each. I tried looking into Nevada LLCs, sadly that wont work like the late night radio guy says haha. From a liability standpoint is it not good? What Id off would be services without much physically owned by the business. Would it make it easier for someone to pierce the LLC and get to me should I choose to be a cheapskate?
Any buy and hold properties Id of course put under separate LLCs(maybe in groups of 3 each). For when I get them of course, Im getting ahead of myself now.
Thanks.