O'Reilly logo

J.K. Lasser's Small Business Taxes 2018 by Barbara Weltman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 27 Tax Strategies for Multiple Businesses

“Multiple businesses” connotes multinational corporations with intertwining ownership of many entities. But small business owners may conduct different activities through various entities. These entrepreneurs simultaneously own and usually run 2 or more businesses.

There may be sound legal, business, and tax reasons for using multiple businesses rather than funneling all activities through a single entity. Liability issues, for example, are one good reason for operating separate activities through more than one business. This chapter focuses primarily on the tax implications of running multiple businesses.

Advantages and Disadvantages of Multiple Entities

Some activities can naturally and logically exist within a single entity. For example, a beauty salon can provide grooming services and sell beauty products using a single business. This makes sense. This can be done, for example, using a single entity or a holding company, with different ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required