|
|
| Author |
Message |
bennie
Apprentice
Joined: 12 May 2007
Posts: 1
|
 Posted: 02/26/08 - 11:05 Post subject: |
 |
|
| I own small business firm, and my wife owns another one. Our businesses work separately, and we are considering the idea of merging two companies into one. But, I recently had conversation with a friend who told me that this might attract more tax responsibilities. He thinks that it is always better to open two types of business, even if the owner is one individual. Is it really true? |
|
|
Back to top
|
|
|
|
 |
rebecca
Apprentice
Joined: 12 Nov 2007
Posts: 1
|
| Posted: 03/27/08 - 02:08 Post subject: |
|
|
| Merging two companies into one has many advantages but also many disadvantages. It is possible that this merge could cause bigger tax rates, but you should also consider some of the benefits. The fact is that you will lower many of your costs with this merge. Statistics show that there is up to 30 % of costs lowering after the merge of two companies. But, there are also some risks; if one half of the business becomes insolvent, the other is fully responsible for its debts; also, you will have to consider the other’s opinion on how to run your own business. Think wisely before engaging in this merge idea, and ask for a professional opinion. |
|
|
Back to top
|
|
|
|
|
|
