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I have 5 companies that each have payroll can I do payroll out of 1 and bill the othe

Asked Jun 11, 2012, 08:50 AM — 4 Answers
I have 5 companies and do payroll out of all 5 can I do payroll out of one and bill the others. Some of the companies only have one employee. Any reason to do seperate payrolls.

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JudyKayTee's Avatar
JudyKayTee Posts: 45,450, Reputation: 23563
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#2

Jun 11, 2012, 08:51 AM
Are they separate entities?
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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,624, Reputation: 37031
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#3

Jun 11, 2012, 08:54 AM


You can set up a 6th company, that is nothing but a payroll company and that company can contract with the other 5 just to provide payroll services.

you dont want to start paying all employees out of one company, it defeats your purpose of having them separate companies.
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dogbyte's Avatar
dogbyte Posts: 2, Reputation: 1
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#4

Jun 11, 2012, 09:09 AM
Quote:
Originally Posted by JudyKayTee View Post
Are they separate entities?
Yes, but the have intercompany accounts with one another already
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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,624, Reputation: 37031
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#5

Jun 11, 2012, 09:57 AM


So is it basicly all one large company with shared assets and shared liability ?

Are they corporations or private owned and if private owned, owned by same person?

The reason you start separate companies is to separate them for liability reasons.
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