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    dogbyte's Avatar
    dogbyte Posts: 2, Reputation: 1
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    #1

    Jun 11, 2012, 08:50 AM
    I have 5 companies that each have payroll can I do payroll out of 1 and bill the othe
    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.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jun 11, 2012, 08:51 AM
    Are they separate entities?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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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 don't want to start paying all employees out of one company, it defeats your purpose of having them separate companies.
    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
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Jun 11, 2012, 09:57 AM
    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.
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