Can you run multiple businesses with the same company?

[ciccino]

My source of income is dropshipping, consulting, info products sales, and monetization of social media, I'm going to open a company in HK, can I do everything with one or I'm forced to open a different one for each business? Thank you.

 

[BoomBoom]

Usually, a single company can do multiple things, no problem. There are exceotions like business which require a license.

 

[Wanderingman]

The short answer is yes. The longer answer is, for liability protection, you may well want to divide your companies up into separate companies under a holding company. That way if something happens to one of the companies, the liability does not crush everything.

 

[Golden Fleece]

Aside from liability protection, tax considerations may also make more than one company necessary.

 

[Wanderingman]

Golden Fleece said:
Aside from liability protection, tax considerations may also make more than one company necessary.
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Depending on where your company is located, there may be restrictions on certain types of businesses being run from a corporation that handles other businesses. And never forget to review your formation documents. They may have restrictions as well.

 

[ciccino]

Wanderingman said:
The short answer is yes. The longer answer is, for liability protection, you may well want to divide your companies up into separate companies under a holding company. That way if something happens to one of the companies, the liability does not crush everything.
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Why under an holding not just leave them independent?

 

[Wanderingman]

What I would do would be to have a primary holding company. Have a secondary company that holds any IP or assets and then lease them to a third company, also owned by the holding company. If you ever incur something like a judgement, the third company is simply an empty shell.

 

[Eldorado]

ciccino said:
My source of income is dropshipping, consulting, info products sales, and monetization of social media, I'm going to open a company in HK, can I do everything with one or I'm forced to open a different one for each business? Thank you.
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It's called brand - you can manage different brands related to different markets but owned by one company. Of course as mentioned above - one company for all of them makes the structure less resistant for external "threats"