A Series LLC is one way to structure an umbrella company without needing to file separate subsidiary entities. The members can divide the LLC into an unlimited number of protected business units. Each of those units has its own associated members interests, assets, and operations in what is known as protected series.

How do I start an umbrella company for an LLC?

Form a company that will function as the umbrella company by completing Articles of Incorporation and submitting them to your secretary of state or other state business registrar in the standard way. Select managers or a board of directors to run the company and create bylaws for the company’s operation.

Are you self employed if you work for an umbrella company?

Umbrella company definition An umbrella company, or PAYE umbrella, is a company that self-employed contractors can join as an alternative to setting up (and working through) their own limited company. When you join an umbrella, you become their employee. Your umbrella company also handles payroll.

Is it possible to have more than one umbrella company?

Other options aside from the umbrella company include creating multiple LLCs or corporations and operating them separately or creating one business and operating it under multiple different names. The first option, creating multiple LLCs or corporations, is possible because there is no limit to how many LLCs or corporations one can form.

Do you need a license for an umbrella business?

Typically an umbrella company is a work-at-home business without incoming clients or traffic, and most areas do not restrict that type of business from operating. However, some areas require the type of business you operate to have a license.

Where can I get help starting an umbrella company?

If you need help understanding the process of starting an umbrella company, you can post your legal need on UpCounsel’s marketplace. UpCounsel accepts only the top 5 percent of lawyers.

Which is the best form for an umbrella corporation?

Decide which form the umbrella should take, and then see if that form fits into a tiered umbrella structure. The basic business forms that you should consider for an umbrella structure are a C corporation, an S corporation, or a limited liability company, or LLC.