My wife curently runs her own house cleaning business. She does well but only wants to take on as many accounts as she can physically handle herself. I think she needs to take the next step and start hiring employees to handle all the accounts that she turns down or ones that she could get by advertising more. (she did very little advertising to get the work that she has now).
My wife on the other hand wants no part of expanding and just wants to keep working by herself. She doesn't want the headache that comes with bigger business.
I have proposed the Idea of merging my young start-up part time mowing business with her cleaning business so that I could run the whole show and let her keep doing what she does best plus handle the sales calls to that side of the business.
My questions are :
Should we do this?
Are there tax implications or benifits to merging or staying two seperate businesses?
If we did merge, should we run it as one entity or as two seperate divisions with one parent company?
Finaly, If we ran it as one biz, what type of a name would you give a business like that? My wife's biz is called Susie's House cleaning and mine is called Watkins Lawn Service. I was thinking of something like:
Watkins property services
or
Watkins property solutions
or something like that. I thought maybe we could even kill 2 birds with 1 stone when it comes to advertising.
Sorry about the length of my post. Thanks in advance for any comments or suggestions.
Dave
My wife on the other hand wants no part of expanding and just wants to keep working by herself. She doesn't want the headache that comes with bigger business.
I have proposed the Idea of merging my young start-up part time mowing business with her cleaning business so that I could run the whole show and let her keep doing what she does best plus handle the sales calls to that side of the business.
My questions are :
Should we do this?
Are there tax implications or benifits to merging or staying two seperate businesses?
If we did merge, should we run it as one entity or as two seperate divisions with one parent company?
Finaly, If we ran it as one biz, what type of a name would you give a business like that? My wife's biz is called Susie's House cleaning and mine is called Watkins Lawn Service. I was thinking of something like:
Watkins property services
or
Watkins property solutions
or something like that. I thought maybe we could even kill 2 birds with 1 stone when it comes to advertising.
Sorry about the length of my post. Thanks in advance for any comments or suggestions.
Dave
Comment