Do entrepreneur’s own multiple businesses?

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My answer to Do entrepreneur's own multiple businesses?

Answer by Ken Larson:

Yes, many of my clients do so.

Most consolidate them under one business name with an accounting and operating structure that allows them to run them as separate entities.

This permits consolidating the individual business results at the company level for performance offsets, economies of scale, tax purposes and control factors.

Below is a link to an example of the technique:

COST CENTER STRATEGIC PLANNING FOR SMALL BUSINESS SERVICE CONTRACTORS

Do entrepreneur's own multiple businesses?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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