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Business structure...one LLC or many

I have a question that I hope someone can answer. I`d like to know if I should create a single LLC that encompasses all my business activities, or if I`d be better off creating multiple businesses. For example, if I were to have multiple revenue generating websites and if I were to do freelance work on the side, would it be possible for me to create one LLC that encompasses all of the websites as well as any freelancing I do?
Currently, I am billing as a sole proprietorship/dba for the freelance work, I have registered one website as an LLC, and I am in the process of starting another site.
The key concerns I have with regards to this issue are...
Ease of folding in additional businesses/websites in the future
Accounting and taxes
Issues with selling a single business/website
Being able to accept credit cards on different sites under different names
Thanks in advance for your help.
Chris
Currently, I am billing as a sole proprietorship/dba for the freelance work, I have registered one website as an LLC, and I am in the process of starting another site.
The key concerns I have with regards to this issue are...
Ease of folding in additional businesses/websites in the future
Accounting and taxes
Issues with selling a single business/website
Being able to accept credit cards on different sites under different names
Thanks in advance for your help.
Chris
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Comments
upto 200k in business credit. My free audio is in my profileliquidatebiz12ab6/1/2009 7:38 PM
You brought up some good points. I`ll continue to research the matter and consider your points before making a decision.
Thanks,
Chris
I would create a risk scale on a sheet of paper and rate them by level of risk. Each website should stand on its own as to if it should be incorporated, put in an umbrella, or sole prop. Also, remember you will need to keep each corporation very separate and keep really good records for each corporation you create. If you don`t keep proper records and documentation then you may be exposed even with a corporation.Just my .02I hope this helps.