Want to set up multiple businesses need help with tax etc

So I want to create multiple businesses - a tutoring company, a digital marketing agency and a charity. If a create one private limited company e.g. ABC Limited can I then create 'sub' businesses under this name i.e. ABC tutoring owned by ABC limited? Would those businesses still benefit from the limited liability and when doing taxes do we do it for the company as a whole i.e. ABC limited or for each individual company e.g. ABC tutoring, ABC Marketing etc?

You can do it either way, depending on what suits your needs.

If you create separate limited companies, then they are legally separate in terms of liability and taxes. So ABC Tutoring Ltd could run into financial difficulties and ultimately be dissolved without impacting the other companies. That's a good thing. However, each company also has to file accounts, pay corporation tax, account for VAT (if applicable), etc. etc. That's a lot of admin.

If you want to reduce the administrative burden, then you'd create a single limited company and have ABC Tutoring, ABC Digital Marketing etc. as brands of ABC Limited. However, this means that if ABC Tutoring ran into financial difficulties, it would impact each other brand as there's really only one limited company.

Regardless of the route you take, I'd recommend you get an accountant. They will save you more money than they cost.

You can do it either way, depending on what suits your needs.

If you create separate limited companies, then they are legally separate in terms of liability and taxes. So ABC Tutoring Ltd could run into financial difficulties and ultimately be dissolved without impacting the other companies. That's a good thing. However, each company also has to file accounts, pay corporation tax, account for VAT (if applicable), etc. etc. That's a lot of admin.

If you want to reduce the administrative burden, then you'd create a single limited company and have ABC Tutoring, ABC Digital Marketing etc. as brands of ABC Limited. However, this means that if ABC Tutoring ran into financial difficulties, it would impact each other brand as there's really only one limited company.

Regardless of the route you take, I'd recommend you get an accountant. They will save you more money than they cost.

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