I am in the process of forming a LLC so that I may sell a product with the protection that an LLC affords. I am the sole member of said LLC.
I now have two more completely unrelated (to the LLC, but related to one another) ventures that I'd like to explore but I don't want to pay California for two more LLCs. As I understand it, I can create two DBAs that pass through to the LLC. Fine, that's much cheaper and I still have the protection of the LLC.
However, if the product is successful, I don't want that link to remain. I would like to then take one of the DBAs and form a LLC and have the remaining DBA pass through to the new LLC. Does this make sense? For example...
MySodaCompany (LLC) <-- John's Maintenance (DBA) <-- John's Irrigation Service (DBA) MySodaCompany (LLC) John's Maintenance (LLC) <-- John's Irrigation Service (DBA)
This all assumes that what I've been told/read is correct. Please set me straight!