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]

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

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]

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.

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]

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.

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"