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Question by Guru Mike: What is the best way to structure my businesses…?
I have 3 businesses I want to incorporate, a mortgage company, a real estate company and a real estate investing company. My question is should I set up totally separate companies for each and treat each of them independently or should I set up a “parent company” and structure each individually but all of them under the “parent company” What are the liabilities, pros and cons?

Best answer:

Answer by Shocked, shocked!
As long as you keep legitimately separate books for all three, it doesn’t matter whether there’s a parent corporation or not. Whether there’s a parent or not, you do want to make sure that each one is separately incorporated, so that if one blows up that creditors won’t be able to reach assets of the others.

For simplicity, it’s probably easiest to incorporate the three.

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