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Yes, y'all can have multiple businesses under i LLC. You can run ii or more businesses nether one LLC by either:

running all the business activities under one LLC name, or
registering DBAs ("doing business organisation as"), also known equally Fictitious Names.

Whether that LLC has whatsoever DBAs (Fictitious Names) is up to you. Significant, yous don't take to file a DBA to run multiple businesses under one LLC, but you certainly tin file a DBA (or multiple DBAs) if you lot'd like.

You'll desire to await at the pros and cons of one LLC versus multiple LLCs. It would too exist advisable to speak with an attorney about the details of your situation and what you're trying to achieve.

Running multiple businesses under i LLC

Pros:

piece of cake to test concern models, products, offerings, etc.
initially simpler (merely not if things grow)
lower costs (ane manufactures of organization and 1 LLC annual report)

Cons:

liability run a risk could exist larger (all liability under ane "roof")
non-divide finances and books could exist confusing

Among our readers, nosotros usually run into people fall into two groups.

• The showtime is those who have little money, perceive their risk to be loftier, and are testing out business organisation models and how to make money. They'll often have multiple concern activities nether ane LLC.

• The second is a more experienced business person. They've established profitability or are confident in what they're doing. They decided to "exercise it correct" from the start, class ii LLCs, and keep the liability separate.

While there are more than pros listed above than cons, nosotros often run into more than experienced business organization owners choose to separate their liability exposure and ready upwards a different LLC for each concern.

Am I required to register a DBA for my LLC?

No, you don't have to register a DBA/Doing Business As for your LLC.

Note: Depending on your country, a DBA may be called a Fictitious Proper noun, Trade Name, or Assumed Proper name. They all mean the same matter though; think of it every bit a "nickname" for your LLC.

(related article: practice I need a DBA for my LLC?)

If you want to have ane LLC that has multiple businesses under information technology, sometimes people prefer to register a DBA for each blazon of business activity. Alternatively, the LLC could merely do business under its truthful LLC name.

Again, the choice is up to you though. Yous're non required to register a DBA for your LLC's concern activities, only you tin if you'd like to.

Is it better to have 2 LLCs instead?

Many people adopt to limit the liability, and therefore would cull ii LLCs instead of one.

If you have one LLC doing multiple different activities, the liability exposure could be increased.

For example, if your LLC sells products online and also has a pocket-sized store in boondocks, if yous're sued considering of an issue that happens with an online customer, that could jeopardize your physical store location.

Instance of one LLC with multiple DBAs

Under this setup, there is only one LLC that runs several businesses (each nether a different name).

Example: John'due south Fresh Produce LLC runs a meat deli store chosen "John's Cafeteria Shop" and a vegetable store called "John's Fresh Veggies". Note that there is but one LLC that does business organisation under ii dissimilar names.

Example of multiple LLCs running split businesses

Nether this setup, multiple LLCs run split businesses.

Example: Dan's Bike Store LLC runs a bike store while"Mike'due south Motorcycle Store LLC runs a motorcycle store. Note that the two LLCs are entirely separate and unrelated entities that run their ain respective businesses.

How does this affect my taxes?

For near people, whether y'all have one LLC or two LLCs, the corporeality yous pay in taxes should be relatively the same. How you file your taxes may vary though.

Ane LLC:

One LLC with i line of activity or multiple lines of activity will be reporting all income and losses together.

• For a Single-Member LLC (taxed as a Sole Proprietorship) that ways income/losses are commonly reported on a Schedule C, as a function of your personal 1040 tax return.

• For a Multi-Member LLC (taxed as a Partnership) that means income/losses are reported on a 1065 Partnership Return and then each LLC Member will get a K-one for their share of income/loss.

(related article: how is my LLC taxed?)

Multiple LLCs:

If you take multiple LLCs, the corporeality you pay in taxes will be more or less the aforementioned, but how those taxes are filed will vary from the above instance.

• Multiple Single-Member LLCs (taxed as Sole Proprietorships) will written report their income/loss on multiple Schedule Cs, withal, the combined corporeality of Schedule C income/loss simply "flows" to your personal 1040 tax return.

• Multiple Multi-Member LLCs (taxed as Partnerships) will report their income/loss on multiple 1065 Partnership Returns and the LLC Members will be issued K-1s (1 from each LLC). Nevertheless, all the 1000-1 income/loss will "flow" to the Fellow member's personal 1040 revenue enhancement return.

Split bank accounts

If y'all decide to form multiple LLCs, you'll not merely desire to keep all business activity separated, you'll also want to open separate LLC bank accounts.

Additionally, you lot'll desire to keep a separate set of books. That can exist done via a spreadsheet or online software, such as QuickBooks Online.

Nosotros promise this commodity has been helpful in painting an overview of whether multiple business concern should exist ran under one LLC or multiple LLCs.

Matt Horwitz

Founder & Educator, LLC University®

Matt Horwitz has been the leading expert on LLC education for the by decade. He founded LLC University in 2010 after realizing people needed simple and actionable instructions to get-go an LLC that other companies weren't offering. He'south cited by Entrepreneur Magazine, Yahoo Finance, and the US Chamber of Commerce, and was featured by CNBC and InventRight.

Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive inquiry and analysis to convert state laws into simple instructions anyone can follow to class their LLC - all for free! Read more than about Matt Horwitz and LLC University.