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    Kumar1111's Avatar
    Kumar1111 Posts: 40, Reputation: 0
    Junior Member
    		  
    #1

    Jan 11, 2009, 07:53 PM
    Starting a new business activity under existing LLC company
    Hi There, I am doing business of IT consulting under a LLC company for last few years. I want to start a new business activity of Tax and Management consulting under the same business name. My question is :-

    Can I just start the new business?
    Is there any other compliance that I need to fulfill before I start the new activity?

    Kindly advise

    Thank you in advance
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Jan 12, 2009, 05:10 AM
    Hello K:

    Every corporation I ever started was limited to ANY legal business enterprise. Unless you need a new license from your county or state, your corporate status should be fine.

    I would check with a CPA, however.

    excon
    Kumar1111's Avatar
    Kumar1111 Posts: 40, Reputation: 0
    Junior Member
    		  
    #3

    Jan 19, 2009, 12:16 AM
    Hello Excon,

    Thank you.

    I am in NJ. Do I need any separate license from the state? What I need to do to start such tax consulting service to individuals, parterships, and corporations . Kindly advise. Thank you once again
    Daanii's Avatar
    Daanii Posts: 5, Reputation: 1
    New Member
    		  
    #4

    Jan 19, 2009, 12:38 AM
    Unless you get to the point of providing legal advice or representing a client in court, you do not need a license to provide tax advice for a fee. But you do need to be careful. Bad tax advice can bring lawsuits from clients or investigation by the government.
    vjovicic's Avatar
    vjovicic Posts: 1, Reputation: 1
    New Member
    		  
    #5

    Jan 16, 2012, 09:06 AM
    I live in MD. I have moving LLC. Can I add snow removal company? Can u do it online?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
    		  
    #6

    Jan 16, 2012, 05:45 PM
    Quote Originally Posted by excon View Post
    ... Every corporation I ever started was limited to ANY legal business enterprise. Unless you need a new license from your county or state, your corporate status should be fine.
    ...
    More-or-less correct, but remember: a LLC is not a corporation. It's more like a partnership with limited liability thrown in.

    Quote Originally Posted by vjovicic View Post
    I live in MD. I have moving LLC. Can i add snow removal company? Can u do it online?
    Same answer that Excon gave to Kumar1111. Yes. Your LLC can do multiple businesses just as long as it has any required licenses.
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