Parent Company? DBA? Help!
This is a discussion on Parent Company? DBA? Help! within the Managing Business forums, part of the Business category; I have a situation...I used to own a small computer consulting business and I had to close up shop ...
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08-14-2007, 07:49 PM
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Parent Company? DBA? Help!
I have a situation...I used to own a small computer consulting business and I had to close up shop a few years ago for multiple reasons (non financial).
Since then I have started a new company dealing with some real estate transactions I have done. I have spent a lot of money forming this company into an LLC and a major amount of time investment building this companies credit history, etc... I just recently "re-opened" my computer consulting business and was thinking about setting this company up as an "owned" company of company X (my new business entity). I would like to rely on this as a parent company to help when seeking credit for my old computer company. How could I achieve this? Any advantages/disadvantages? Any tax issues I would need to be aware of? Also...would l just be able to set up a DBA between the two companies? Thanks for all the help...I'm deep in uncharted territory  
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