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Old 07-05-2018
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Default Re: New EIN with DBA for banned entity?

Originally Posted by SaiJin View Post
having 1 umbrella company and owns multiple EINS if that's even possible.
Yes it is. That is what you call a Holding Company. Rich people do this everyday for the strongest asset protection and of course to lower tax rates. Companies that are traded on the SP500 are almost always holding companies.

Example is Warren Buffet holds nearly all of his thousands of assets(companies) under one major company that is publicly traded.

When one company buys another company, it is basically the same thing.

It is quite possible and it is most safe. If it was not, the richest people and companies in the world would not be doing it.
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