Corporate Law can other businesses be included in c-corp

[glassgal]

I have a C-corp for the manufacture and sale of blown glass. It is a very small time venture. I'd like to start including non-glass businesses under the C-corp umbrella - freelance writing, jewelry and perfume making and sales for the liability protection of personal assets and tax benefits. May I do this at any time? Or must I create new corporations for each venture seperately? Thanks!

 

[Michael Wechsler]

If you want to get the benefits of each company being immune from each other, you need to set them up separately. Think of each corporation as an entirely different person - if it's the same person doing two businesses then you've got that one person liable for the debts of both businesses. Good luck!