WE'VE MOVED!
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Incorporation question for new business
Crossiono
subscriber Posts: 2
Hello Everyone,
I am incorporating a business called Crossno Investments Inc. . This business will be investing in Real estate, automobiles, tennis, and people.
Will Crossno Investments Inc. be an umbrella over these other businesses if they are dba cii real estate, cii autos, cii tennis, cii personal development?
Or can I simply keep it Crossno Investments Inc. and buy and sell real estate, autos etc...
If i use dba for the other companies will i need seperate business liscense for each.
I plan to incorporate now and start investing in real estate and then using real estate for collateral for auto sales business and then teaching tennis and running personal development website.
any help would be much appreciated.
thanks,
Jason
http://www.jasoncrossno.com/cii
Crossiono4/3/2008 5:47 PM
I am incorporating a business called Crossno Investments Inc. . This business will be investing in Real estate, automobiles, tennis, and people.
Will Crossno Investments Inc. be an umbrella over these other businesses if they are dba cii real estate, cii autos, cii tennis, cii personal development?
Or can I simply keep it Crossno Investments Inc. and buy and sell real estate, autos etc...
If i use dba for the other companies will i need seperate business liscense for each.
I plan to incorporate now and start investing in real estate and then using real estate for collateral for auto sales business and then teaching tennis and running personal development website.
any help would be much appreciated.
thanks,
Jason
http://www.jasoncrossno.com/cii
Crossiono4/3/2008 5:47 PM
Sign In or Register to comment.
Comments
Generally speaking, a corporation can engage in almost any lawful business (exceptions include banking and activities that require special qualifications /licensing such as CPA).
However, you may not want to expose all your business assets to the same liability under one entity. You really need to consult an attorney about your specific situation.
You may also want to consider if you want to use the word "Investment" in your name. In today`s market, anything with the word investment or real estate raises red flags at the banks, and it may be more difficult for you to get funding. FYI.
Bill