Until you're at the size where you're running limited companies and have a lot of assets to protect, I suspect it's probably not to your advantage... but that depends on your situation. AS an example here, it's gotten to the point where if you're enrolled in any government programs (risk management), you find yourself in the situation that one large operation that has profits on one side and losses on the other side will get nothing from the program because you don't lose enough gross income. If you had them set up separately, you can play ball. Likewise, that works for some of the other investment programs they have... each separate entity is entitled to so much, so if you have more than one business, you can apply for each.
Other than that, I don't see any benefit to having more than one business... and even at that I'm not so sure it's a benefit.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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