Umbrella Company?

Discussion in 'Growing and Managing a Business' started by beebidoux, Aug 19, 2010.

  1. beebidoux

    beebidoux
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    I have a few different things I'm working on. I'm mostly pushing a horse biz but I have other side things happening as well.

    In your opinion, what is the best way to handle many ventures? I was thinking of an umbrella company or name to go under but I'm not sure if that'll make things confusing. I don't see the need to have separate accounts for all of these ventures since some of them (like logo design) happens only once in awhile. I feel the need to keep things "business-like" in the sense I don't want clients making out checks to the horse biz for something like a logo. I'm concerned about things being too confusing for them. I've got the paperwork under control so I'm not worried about that.

    Does any of this matter tax-wise? Do I need to generate a name that incorporates everything? I want to keep things professional and simple without seeming "scatter-brained"... Is there a way to do this without working just under my name? I think when a client sees a business name it comes across as more established.
     
  2. Fergal

    Fergal
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    Welcome to Business Advice Forum beebidoux, thanks for joining and posting your business questions.

    The tax implications associated with your business location will depend a lot on where your business is located. Can you please tell us the country or state where you are located?

    Do you have websites for your businesses? If you do you could use the individual websites as the business names?

    What about using a brand name that would work across all your businesses? Similar to the way Virgin do it - they have Virgin Casinos, Virgin Atlantic, Virgin Money, Virgin Media, etc.
     

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