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

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2620 viewsJanuary 16, 2017Accounting

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Anonymous Posted January 16, 2017

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.

1 Answer

score 0 · Answer 1 · 2017-01-17T14:55:22+00:00

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.

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

1 Answer

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