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Just for starters, every company is a liability for you as a person. Your "equivalent of credit score" will be forever impacted by each legal entity you start.

A company in Brazil needs to fit into categories. So if you have an e-commerce company that sells food, you can't use the same entity to provide a service, for example, the email provider with emojis the original poster did previously. You need a new legal entity for that.

If you have one of the companies not pay by itself, closing it is a nightmare. I have a company that is closed, not debts, not a single problem, for 15 years already inactive. That company is considered a liability for my current company and me as a person. Once you have 3 companies in your name, you start having trouble in Brazil, as you fall into "risk" territory for taking credit, opening accounts, renting offices or apartments, etc. And if one company wants to receive payment in foreign currency, you also have to generate quarterly financial reports, and all sorts of bureaucracy. Each step of the way you find new problems.

The rules are so extensive and so hard to navigate that you can't be the only person working on that. If you want to be like the original poster, you need an accountant that will charge you per company a fair amount of money, and it will still give you a lot of work to communicate with your accountant about each of the issues.

Yes, it is OK for someone that was always an employee to open a restaurant and have a living from that afterwards. Specially since it is a well stablished business category. But serially opening companies in Brazil is not a good time at all.

Disclaimer: I am not a professional in this area, I am a software engineer and I do have 2 companies in Brazil, one operating and one closed. Most of my knowledge is either self-taught or learning through my business accountant.




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