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Would It Be Better For Tax Purposes To Register Multiple Online Stores Under One Corporation Or As Individual Businesses?

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Posts: 0
(@Anonymous)
Joined: 1 second ago
[#11]

I am wanting to start an online webstore and open more in the near future. Would it be better to register each as an individual business or register each separately? I would like to get this started right the first time rather than having to backtrack and correct it in the future.


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Posts: 663
(@dexter)
Joined: 3 months ago

If each web-store is a separate business then it's better to put each web-store in a separate corporation. This minimizes your overall risk. Should one web-store fail, it will not affect the other stores.

In addition, having separate corporations allows for greater flexibility in a potential future sale. For example, you can sell the shares of one corporation (web-store) to an interested buyer, without affecting the other web-stores.


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