How do you create a subsidiary of an existing business?

@mentalward (14695)
United States
December 14, 2008 10:08am CST
I've just begun what looks to be a very lucrative business, working with clay. My husband and I already have an existing corporation called D&A Solutions, Inc. This business involves PCB (printed circuit board) design and has nothing to do with my new business, Snow Mountain Clayworks. Does anyone here have any experience or knowledge about this type of thing? I would like to simplify the legal paperwork and feel that a subsidiary would be easier than a completely new business. What do you think?
1 response
@winterose (39917)
• Canada
15 Dec 08
it always depends upon the country where you live, on mylot people are from all over the world, and things don't always apply, ask your accountant or person who does your tax returns they should be able to help you.
@mentalward (14695)
• United States
16 Dec 08
I would love to, winterose, but I am our accountant and tax person. LOL I just haven't looked into subsidiaries much as yet. I have been investigating, though, so I can come up with the best solution.