Hi everyone,
I'm a newbie entrepreneur and I'm looking for advice on how to structure a business that creates and owns web services. I'm a one man operation, so ideally the approach would be simple and yet would allow the services to scale in size.
Should I register a single business (e.g. ACME Inc.) that owns web services ABC and XYZ? In this case ACME Inc. would be a holding company of sorts, kind of like how Alphabet Inc owns Google and Youtube.
Or should I register each web services as its own business (e.g. ABC Inc., XYZ Inc.)?
Or ...?
Thank you in advance!
p.s. If it helps, I'm based in Canada.
I'm a newbie entrepreneur and I'm looking for advice on how to structure a business that creates and owns web services. I'm a one man operation, so ideally the approach would be simple and yet would allow the services to scale in size.
Should I register a single business (e.g. ACME Inc.) that owns web services ABC and XYZ? In this case ACME Inc. would be a holding company of sorts, kind of like how Alphabet Inc owns Google and Youtube.
Or should I register each web services as its own business (e.g. ABC Inc., XYZ Inc.)?
Or ...?
Thank you in advance!
p.s. If it helps, I'm based in Canada.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
