Ask HN: How many LLCs for my different ventures?

4 points by dookahku 10y ago ↗ HN

Hi!

So I have a lot going on right now!

I have a freelance business I'm working on that I want to expand into a full blown consultancy agency and hire help, etc.

I also created a new invention that I want to market.

Finally, there's a startup I want to work on and create.

How many LLCs should I have? Should I just make the 1 for all of them? Make 1 for now and then create them later on?

Is there a one correct answer or is it sort of up to me?

3 comments

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jonkiddy 10y ago ↗

One LLC and pick only one of the above. Focus.

brudgers 10y ago ↗

A startup should have a business structure optimized for taking on outside investment. LLC's are not because outside investments will tend to require a restructuring of the operating agreements. That's why YC's portfolio companies are usually if not always C-corps.

If the overhead of a C-corp doesn't make sense, then the business probably isn't a startup.

good luck.

dookahku 10y ago ↗

You are right that none of them are startups and I don't plan on them becoming one.

However, they are hopefully things I want to protect and conceivably could make me money sometime.