With Multiple Companies - Can Trust Own All Of Them
Yes; however, most students will separate risk by placing one company into one trust, another company into another trust. That way, if one trust gets into a lawsuit, it will not affect all other entities.
Related Articles
Which Is Best: One C-Corp (Corporation) OR Multiple C-Corps (Corporations)
Most owners have multiple C-Corps if they have multiple businesses. The more that is separated, the more protection that is offered should one corporation be subject to a lawsuit.
Can Operating Trust Take Place of C-Corp, LLC or S-Corp
Yes, Operating Trusts can take the place of a C-Corp, S-Corp or an LLC in a trust web structure, and vice-versa.
Is A Corporation Necessary (or) Is An Operating Trust Better Than A C-Corp
A C-Corp is not necessary, but serves in lieu of an Operating Trust. A C-Corp is highly recommended for students with a business that earns $100,000+ a year. The upsides to a C-Corp is the ability to have a CPA file any taxes that may occur for a ...
Should One Turn an LLC Into A C-Corp
A C-Corp offers much better protections over an LLC (LIMITED Liability Corporation); the primary word being "limited" which declares it to not be fully shielded from larger lawsuits. There is still a liability if a lawsuit goes over ~$250,000 ...
Can a Trust Start a C-Corporation or S-Corporation
Yes, a trust (with an EIN) can start a C-Corporation, but not an S-Corporation. S-Corporations do not allow trusts these same rights. The trust cannot serve because only a natural [living] person can serve as a corporate officer. Although a private ...