Small business Question?

is it possible to have a non profit and for profit business under the same name.. i am talking about two or three different business under one business name. i like opening a bar , restaurant and a nonprofit job training center all under the name of Swiss roll inc.. this is just a example .. if so how .. ???

not a scam.. want to open a day care and a group home and homelessness shelter / low income housing all under the same name...

you could use the same name -however-one would have to be an incorporated society(non profit)you would need separate books and tax numbers
you would need to check with an accountant or tax officer to get the legal position
the reason it would be harder to do than other umbrella businesses is they might think you would defraud the public with the non profit part and siphon the money into the moneymaking side

yes and it benefits you
i work in charity under my name and also buisness

It might be hard doing that if a bar is included,because the liquor laws are stricter than for other types of business. Better check it out with a lawyer first.

You're really playing with fire on that one. Maybe it's legal. But the IRS is going to be after you constantly like stink on a monkey. WHY would you want to do that? It already sounds like a scam to me. You surely can't come up with a really good reason why you need to do that.

how do you break it all down for the irs?