One LLC or three separate companies for different activities?

Separate LLCs mean separate tax returns, separate books, separate bank accounts. That's a lot of admin for a small operation. Unless one activity Has serious liability risk, I'd keep it simple.

Liability is the whole point. Handyman work can get sued. Selling tools online, less so. Rental? Depends. You could do one LLC with a DBA for each, but that doesn't shield you from cross-claims.

My husband had one LLC for his landscaping and a separate one for snow removal. It was a pain at tax time. He eventually merged them because the accountant charged double. Just my two cents.

Three companies means three sets of annual fees, three registered agents, three everything. Unless you're making bank, that's death by paperwork.

What kind of rental? If it's equipment rental, that's a different insurance profile. Might be worth a separate entity if you're storing expensive stuff. But honestly, talk to a lawyer, not us yahoos.

Also, if you commingle funds between activities under one LLC, a court could pierce the veil anway. So you'd need to keep separate books regardless. Might as well separate entities if you're doing that.

That's jot entirely true. You can have one LLC with multiple divisions and separate bookkeeping. Piercing the veil is about fraud or commingling personal and business, not inter-division. But yes, separate books are key.

i have three LLCs for three e-commerce brands. Total overkill. I spend more time on compliance than selling. Don't be me.

What's the third activity again? Rental of what? If it's just a side husle, one LLC is fine. If you're renting heavy equipment, maybe not.

Also consider an umbrella insurance policy. Cheaper than extra LLCs for most small risks.

I'd start with one and only spl it if the rental takes off. But what do I know, I'm still using a shoebox for receipts.