I have a New Jersey S-Corp (assume ABC Inc), single owner 100% of shares, incorporated in 2012 with business activity code (NAICS) 541511 (code for computer programming services). My husband uses this for his computer consulting gigs.

I also filed form 2353 when I incorporated, and have been filing 1120s, as a pass through entity.

The consulting business is not currently active as of this year 2016 (i.e. no revenue coming in, no salaries being paid, no expenses), but could possibly become active next year, if my husband chooses to stay in consulting, so I do not want to close down the current incorporation ABC Inc.

I, the 100% owner of this New Jersey S-corp, also wish to start a freelance beauty services business in New York, without registering a new corporation. I'm looking to see if I can perform my second new business under the same existing NJ s-corp.

I'm going to be doing business for the beauty service under a different name (assume the name for the new division is PQR). I want to have a virtual office in New York, so I can buy appropriate professional and general insurance policy on the New York address.

The beauty services business will also be owned 100% by me. I have a professional license from New York for beauty services. I will be traveling to my customers' addresses in New York to provide beauty services to them. I do not intend to have a physical location in the next foreseeable future.

1. Can i use the same s-corp for two unrelated types of business (computer services and beauty makeup services) ? I know its easier to say register a new business, but I would prefer to use this one if possible.

2. Since I'm going to be doing business for the beauty service under a different name (assume the name for the new division is PQR), do I need to file form C150G in New Jersey ? C150G form is the alternate name form

3. Do I need to file ANY forms in New York as well since the virtual office is going to be in New York ? Which forms need to be filed with New York ?

4. I spoke to the insurance company and they said for a freelance artist, the address where I store my beauty kit will be the address for the business for insurance purposes. how will that work if I have a virtual office in New York ?

5. Any special considerations that I need to consider while filing taxes (1120s) ?


Thanks in advance, I really need this info.

best regards
Sally