I have a design-build firm which is registered as a corporation and I buy, rehab and sell houses under this corporation. I also have a small architectural design practice in addition to the house flipping business. I perform the design practice under the same design-build corporation. My wife and I are the only shareholders of the corporation.
I am evaluating the pros and cons of splitting my architectural design practice from the house flipping business due to insurance and liability reasons. My revenue from design practice is less than than $10k. I am not sure if I will be able to find a seperate professional insurance for such a small design practice. I will appreciate some feedback from other architects in similar situations.
Sohail Ahmed
President
S2N2 Design Build Inc
Fort Worth, TX