Yes, it is possible to run two or more separate businesses under a single limited company. This involves the use of trading names to compartmentalise the overall company into separate units, each of which can be run as a unique business.
Can a company have more than one trade name?
Yes, it is possible for an LLC to operate under more than one DBA at a time. A Doing Business As (DBA), also known as fictitious business names, trade names, or an assumed name, is a name that the legal owners of a business register with the state.
You can create separate LLCs or corporations for each of your businesses, because there’s no limit to how many a person can form. The biggest advantage to this approach is that each business won’t have to assume the risk of the others; they’ll all be legally and financially protected from one another.
Can a company have 2 trade names?
Can a Company Register a Trade Name for a Number of Different Businesses under the Same Company. A company can register any number of business names.
Can a company trade as another name?
You can also trade using a different name to your registered name. Trading names must not: be the same as an existing trade mark. include ‘limited’, ‘Ltd’, ‘limited liability partnership, ‘LLP’, ‘public limited company’ or ‘plc’
Why did my company split into two companies?
There are many reasons why directors of private limited companies decide to split one company into two or more companies. Many will be owner-managed or family businesses that have grown such that different members are responsible for separate departments or types of business.
How are sister companies related to one another?
Sister Company Sister companies are subsidiaries that are related to one another by virtue of the fact that they share a common parent entity. Each sister company operates independently from the others, and in most cases, they produce unrelated product lines. In rarer cases, sister companies are direct rivals who operate in the same space.
Why is using multiple business entities may help your business?
The holding company owns the assets but does nothing else. This is beneficial because if the operating company takes on legal liability during the course of their operations, it is very difficult for anyone to get access to the assets the holding company owns.
What are the advantages of operating as a separate entity?
If a public relations problem — such as a quality control problem, lawsuit or management misbehavior — damages a company, two businesses operating under the same name are both damaged. If they remain separate, one company has a better chance of survival.
