I have a question regarding having two different types of businesses as sole proprietor and how to do accounting and run them. For example one being a beauty salon and the other washing cars. (Just examples)
I dont think it is feesable for me to open a cc due to the costs involved in running it and my current income from sole proprietor business isnt enough yet.
1st question - Is it possible/legal to have 2 on my name?
2nd question - If it is indeed possible, how would one do the accounting - as one business or as the two seperate ones (bearing in mind its in my name)?(ie. seperate invoicing etc. or the same)
3rd question - When submitting a tax return it requires one to enter a "code" for the type of business (industry) what would l enter here if I have 2 different types???
Thanks for taking the time to read my questions