There is no legal issue in running two business of same nature by two individual in the same premises with two different pan no. and bank a/c. Everything is legally perfect. you can run same business in same premises there is no issue.
Can you run two businesses from the same address?
Answer: Yes, But… To have more than one Google my business listing at the same address, you must be legitimately operating multiple legally distinct businesses. It’s not all that uncommon for more than one business to be located at a shared address but you need to keep reading for more provisions and details.
Can you start 2 businesses at once?
You can create separate LLCs or corporations for each of your businesses, because there’s no limit to how many a person can form. The biggest advantage to this approach is that each business won’t have to assume the risk of the others; they’ll all be legally and financially protected from one another.
Can I run multiple businesses under one company?
Yes, a company can register for multiple businesses, but it depends on whether the activities are related or not. The company can carry more than one activity with the consent of the members. However, all the activities which are listed should pertain to the main business of the company.
Can I have 2 businesses to avoid VAT?
Each business operates under the VAT registration threshold. No need to register. HMRC are more likely to take the view that two businesses are separate if both have their own separate bank accounts. They should be separately registered with HMRC and submitting their own tax returns separately.
How do you set up multiple businesses under one company?
Three ways to legally structure multiple businesses:
- Single business entity with multiple DBAs. …
- Form separate LLCs or corporations for each business unit. …
- Create a holding company with separate LLCs or corporations beneath it. …
- Each to their own — the importance of considering each client’s unique situation.
Is it wise to have multiple businesses?
In business, it’s a good idea to run multiple businesses but it can’t be done while you’re just starting. It will save you more time, energy and money if you concentrated on doing one business at the start and then building the second after the first has taken off.
Is it smart to have multiple businesses?
The more businesses you start, the better you become.
The third time, you’re starting to develop confidence. … With every new business, you’re building on knowledge, brand visibility, marketing experience, and other resources, creating a business that is even better than the one before.
Do I need a separate EIN for each DBA?
You do not need a separate EIN for each DBA as there is no legal distinction between the DBA and the underlying entity to which it is attached.
How many DBA can an LLC have?
Yes, it is possible for an LLC to operate under more than one DBA at a time. DBAs allow an LLC to use more than one business name without having to form multiple, separate legal entities.