Are You The Next P Diddy?

OK, I'll accept it. Already in a while, while approach surfing, I'll abeyance on one of the Real Housewives shows on the BRAVO network. What a alternation wreck! And - like any bones - I aloof can't assume to attending away. These ladies of absoluteness accommodate raw ball of the array that has our ancestors rolling over in their graves. Yet one diva of primetime crud has managed to apple-pie herself up and appear with a acknowledged career and adherent following. Bethenny Frankel, above brilliant of The Real Housewives of
New York City, is now a acknowledged columnist of three bestselling books, architect of the badly accepted Skinny Girl Margarita, architect of bethennybakes (a aggregation that offers a band of wheat, egg and dairy chargeless broiled goods), and is starring in her own hit absoluteness TV appearance on BRAVO, "Bethenny Ever After."

Fan or not, you accept to be afflicted with the assorted acknowledged business ventures Frankel has created. In this day and age, it seems there are abounding media entrepreneurs who accept congenital a cast and from it angled out into assorted able endeavors. P. Diddy, already alone a recording artist, has his own almanac characterization (Bad Boy), a accouterment band (Sean John), does artefact endorsements, and is an actor. Rachel Ray, daytime allocution appearance host, chef, cookbook author, and annual architect is addition abundant example.

With so abounding band in the fire, how do these active impresarios accumulate aggregate straight, business-wise?

From a acknowledged standpoint, is it acute for entrepreneurs who accept congenital a cast and assorted business ventures to accomplish aggregate beneath one roof?

Technically, assorted business ventures can be operated beneath one company, such as a distinct association or LLC, but that's not a acute business move for several reasons. From a business standpoint, the projects may accept altered goals (both economically and socially). They may additionally accept altered abbreviate and abiding objectives and antithetical investors. Additionally, they will anniversary accept a altered business plan. Finally, they will accept altered administration teams who are experts in anniversary accurate band of business.

Legally, it is best if anniversary adventure is operated as a abstracted article so that the acknowledged issues of one business don't affect the others. For example, if Bethenny gets sued by addition who drank a attenuated accumulation of Skinny Girl Margaritas, she would not demand the acquirement from her book sales to be exposed.

Also, anniversary adventure is best acceptable activity to accept altered tax issues and altered bookish acreage rights that charge to be protected. Finally, you demand the adaptability to plan for the auction or assumption of anniversary adventure on its own after affecting the others.

It's important to advance a accord with a business advocate who can adviser you through all of the issues that will appear while bamboozlement assorted business opportunities. JM LAW GROUP is accomplished in this area, so if you're attractive for an advocate to advice with your baby business adventure or accumulation of ventures - please accord us a alarm at 215-832-3600. In the meantime, I anticipate I'll sit back, relax, sip a Skinny Girl Margarita, accept to a little P. Diddy, cast through Rachel Ray's latest issue, and watch some Real Housewives of Orange County..