Hi,
First off I appreciate this forum and thank you for your time in advance.
I've created an LLC that has been running for over a year. It is a web-based business. The core business is research in a particluar industry.
I'm starting to expand my core business into a couple of different web-sites. Basically, expanding my single legal entity (LLC) to operate multiple businesses without creating a new legal entity for each business.
The expansion business is not related to my core. It is a user driven content blog site. Unrelated and unlinked (on the web) from my core business's site. This blog site is considered a subsidiary of my core business.
Even with all the CYA's in place in the terms of use, is it possible for my subsidiary business to be sued and hold up my core business from operation? I'm sure the answer is anything is possible.
Can these two different types of businesses co-exist under the same entity and still function if one runs into a law suit? Or is it better to suck up the cost and set them up separately? Anyone have any experience with this?
Some background, I currently have an attorney that I work with (retain). When I first started my business a year ago I interviewed 17 different attorney's based upon referral's and their background. Specifically looking for experience in technology, software and e-commerce. As I run into issues this particular person has always been able to assist me or refer me. Which isn't a problem. But dealing with this particular issue (cyber law related to blog sites) it has been a bit more of a challenge. So i'm looking for more feedback, places to look, possible recommendations or things to consider on the issue.
Thank you
Jeremy
First off I appreciate this forum and thank you for your time in advance.
I've created an LLC that has been running for over a year. It is a web-based business. The core business is research in a particluar industry.
I'm starting to expand my core business into a couple of different web-sites. Basically, expanding my single legal entity (LLC) to operate multiple businesses without creating a new legal entity for each business.
The expansion business is not related to my core. It is a user driven content blog site. Unrelated and unlinked (on the web) from my core business's site. This blog site is considered a subsidiary of my core business.
Even with all the CYA's in place in the terms of use, is it possible for my subsidiary business to be sued and hold up my core business from operation? I'm sure the answer is anything is possible.
Can these two different types of businesses co-exist under the same entity and still function if one runs into a law suit? Or is it better to suck up the cost and set them up separately? Anyone have any experience with this?
Some background, I currently have an attorney that I work with (retain). When I first started my business a year ago I interviewed 17 different attorney's based upon referral's and their background. Specifically looking for experience in technology, software and e-commerce. As I run into issues this particular person has always been able to assist me or refer me. Which isn't a problem. But dealing with this particular issue (cyber law related to blog sites) it has been a bit more of a challenge. So i'm looking for more feedback, places to look, possible recommendations or things to consider on the issue.
Thank you
Jeremy