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How do I start a divison of my corperation?
Sent to Finance Experts April 22 10:28 AM

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Cedar Bluff, Virginia

Customer (name blocked for privacy)
Status:  Closed   Value: $9
Answer
April 23 7:33 PM (1 day and 9 hours later)
         
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Dennis M. Smith -- NCP -- 99% Positive Feedback on 297 Finance Accepts
Investment R.E. Broker 30 yrs. & past owner of Mortgage Brokerage Company.
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April 25 8:50 AM (1 day and 13 hours later)
         
Are you referring to a DBA or LLC which is started by the Corp. If so how does either share the profits with the parent company?
Customer (name blocked for privacy)
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April 26 7:35 PM (1 day and 10 hours later)
         
Am awaitting your response
Customer (name blocked for privacy)
Answer
April 26 9:09 PM (1 hour and 34 minutes and 16 seconds later)
         
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It really doesn't make any difference as a DBA or LLC ... the profits are an accounting entry to the parent company. If the main co. (parent) is an LLC the profits of the main company and the division will inure to you as an individual and be taxed accordingly.

Dennis (cut2it)

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Dennis M. Smith -- NCP -- 99% Positive Feedback on 297 Finance Accepts
Investment R.E. Broker 30 yrs. & past owner of Mortgage Brokerage Company.
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