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 separate payrolls.

Are they separate entities?

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 don't want to start paying all employees out of one company, it defeats your purpose of having them separate companies.

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Originally Posted by JudyKayTee

Are they separate entities?

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Yes, but the have intercompany accounts with one another already

So is it basically 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.