Can a Virginia LLC run multiple separate businesses?
Generally, a Virginia LLC is not limited to just operating one business activity. The Virginia LLC members can decide to operate multiple businesses under one Virginia LLC if they chose. If you are forming a professional LLC (known as a PLLC) to perform a licensed professional service (ex., lawyers, accountants, architects, physicians), the services to be performed by the professional LLC (PLLC) are limited to the licensed professional service. If a Virginia LLC runs multiple businesses, the assets of all of the businesses are subject to the liabilities of all of the businesses. Accordingly, many times, Virginia business owners will create a separate Virginia business LLC for each business so that the assets of each business can be protected from the liability of the other businesses.
Generally, a Virginia LLC is not limited to just operating one business activity. The Virginia LLC members can decide to operate multiple businesses under one Virginia LLC if they chose. If you are forming a professional LLC (known as a PLLC) to perform a licensed professional service (ex., lawyers, accountants, architects, physicians), the ser …
