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Umbrella business plan

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Umbrella insurance extends the coverage of other property and casualty insurance policies you own. Learn more about umbrella insurance and how it works. Property and casualty policies have coverage limits. You're responsible for any costs beyond your coverage limits unless you have umbrella insurance.
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Umbrella Insurance - How it Works & What it Covers | GEICO

You are an entrepreneur and have successfully started a handful of businesses. Now you want to bring the businesses together under one roof by establishing an umbrella corporation. Creating an umbrella corporation to contain subsidiaries can be beneficial because it provides both flexibility and tax simplification. An umbrella corporation can provide financial backing to subsidiaries while allowing them to remain independent. If one subsidiary corporation struggles while another one performs well, money flowing into the umbrella from the succeeding entity can then backstop the struggling entity. This also provides a subsidiary with the ability to leverage the good name of the umbrella while it remains a separate entity.
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Umbrella: The Most Wasteful Movie Corporation Ever

For example, a restaurateur may open a wine shop or a caterer may also double as a part-time copy editor. Should you form one corporation to cover them all? Should you form an LLC for each one?
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YOUmbrella is the name of our company. We chose this name because of the customizability of the product which means the umbrella is truly made for YOU. When originally examining the possibilities provided by the overhead sheets, we were immediately drawn to both its colours and transparent quality; this lead us first to think of making a chandelier for children, with hanging shapes and projecting images. However, this idea failed to address the water resistant quality of the sheets, which we felt was an important characteristic. Stemming from this train of thought was our second idea: greenhouses.
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