If I Have Multiple Businesses, Do They Need Separate LLCs?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design - A podcast by Pat Flynn

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Today's question comes from Jacob, who asks about business structure. Should multiple businesses operate under the same LLC, or should each business have a separate legal entity? The first business I started is Green Exam Academy (formerly called In the LEED; http://www.greenexamacademy.com/). My original LLC is Flynndustries LLC. The other LLC I discuss in depth is related to the Smart Podcast Player (http://smartpodcastplayer.com). My account is Dave from Profitwise Accounting (http://www.profitwiseaccounting.com). Do you have a question about your business structure? Record it at http://www.askpat.com/. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.