Question
Five years ago I established an S Corp where I developed a system for creating recordable gift tags, enclosure cards and florist insert cards. I market them online and through retailers.
Prior to catching the entrepreneurial bug, I taught OSHA compliance courses at a university and did some consulting. I would like to return to - and build on - the safety consulting business but with the protection of incorporating. Can I bring it in under my existing corporation as a DBA or must I establish an entirely new S Corp?
Answer
Do you "Have" to set up a new entity...No. Should you?...It depends. A structures professional, tax expert, or a business lawyer can give you the best advise on that. It would depend on the amount of liability you are opening up to each business activity.
