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Question: Can you start a parent business and put two biz under one name?
(Posted by: bang on 2010-03-09 12:24:12)
Say i make 100k a year from my current biz AAA, if i start a new biz CCC and the start up expense is 20k. can i start a parent business "ABC " and put AAA and CCC under it, so i can use the startup expense 20k to deduct on the income earned from both biz? *P.S. there's only me in this online biz, self- employed, no employee. and all my biz ventures are web- based sites. so basically i called my parent biz ABC Media, and under it is aaa.com and ccc.com is it important that the parent biz is corporation to put biz under it? |
