I spoke to Smith of Dempsy and Roberts (I think)....uh...anyway
Series LLCs are the best way to go.
- ABC Inc owns Be Quick Notary and Be Quick Software
-- Be Quick and Be Quick Software each have their own business licenses, EINs and checking accounts.
-- ABC is created using the Secretary of States website.
---- Check the box where it says Series LLC.
---- Add to the articles the following verbage: None of the assets or proceeds from multiple businesses will be co-mingled
These LLCs are desired and are very sellable and are even envied by other states.
Since Cutlar Enterprises is in default (again) and since it was audited once, I should just let it go.
Good thing: If Company A sues ABC and wins for $100,000, when they receive $5,000 of it, they have to pay taxes immediately for the entire $100,000. I can force an tax audit of them by filing a K1. Since the resulting tax audit would probably reveal that Company A didn't pay what could be $34,000 in taxes on the settlement, I have leverage to deal them down, after the courts settlement. They'd rather pay taxes on $5,000 than pay $34,000 taxes on $100,000.
Bad thing: ABC Inc, Be Quick Notary, and Be Quick Software can't give benefits to its employees.
The Nevada Secretary of State is at http://sos.state.nv.us/
The 8th District Court is on 200 Lewis Avenue. http://www.co.clark.nv.us/district_court/courthome.htm
Nevada State Business info: http://www.secretaryofstate.biz/
Nevada State Business forms: http://sos.state.nv.us/comm_rec/crforms/llc_index.htm
Information on Series LLCs: http://www.incnow.com/services.shtml