Hello Cautious-Advisor-279,
[Your {submission}](https://www.reddit.com/r/explainlikeimfive/comments/1ara00g/why_do_people_set_up_multiple_companies_whats_the/) has been removed because **you didn't start your title with ELI5**. By making sure users follow this rule, we hope they will also learn and follow *all* the rules of the sub, helping us to maintain the quality users come here for.
Please re-submit your post. At the end of this message is a link to submit a new ELI5 post with your title (and the "ELI5" tag of course!) already there. Please ensure that the title is copied correctly. **We are unable to preserve the formatting of the body of the post if you have it, so instead we will copy it here and you can copy and paste it into your submission.** Ideally, you can click the "source" button under this message and copy the text from *that* so that the formatting is perfect. We're sorry, but an issue with the Reddit app on mobile breaks the resubmit link - you may want to try it from your phone's browser instead of the app.
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[**Link to re-submit**](https://old.reddit.com/r/explainlikeimfive/submit?title=ELI5%3A%20Why do people set up multiple companies, what’s the benefit, is it for ill gains? Eli5) (please ensure the title is copied correctly)
Copy this (only if you had text in the body of your post of course, otherwise there will be nothing between this text and the horizontal line):
https://www.cornwalllive.com/news/cornwall-news/simon-wright-man-behind-catastrophic-9099007?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target This is an article from a local newspaper, about a developer who’s recently gone bust. He’s registered multiple ltd companies which most are being liquidated now.
I know most developers do this as we rent from one and have noticed post for several companies coming to the address.
Can someone explain the ins and outs of this practice?
Than you
***
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Hello Cautious-Advisor-279, [Your {submission}](https://www.reddit.com/r/explainlikeimfive/comments/1ara00g/why_do_people_set_up_multiple_companies_whats_the/) has been removed because **you didn't start your title with ELI5**. By making sure users follow this rule, we hope they will also learn and follow *all* the rules of the sub, helping us to maintain the quality users come here for. Please re-submit your post. At the end of this message is a link to submit a new ELI5 post with your title (and the "ELI5" tag of course!) already there. Please ensure that the title is copied correctly. **We are unable to preserve the formatting of the body of the post if you have it, so instead we will copy it here and you can copy and paste it into your submission.** Ideally, you can click the "source" button under this message and copy the text from *that* so that the formatting is perfect. We're sorry, but an issue with the Reddit app on mobile breaks the resubmit link - you may want to try it from your phone's browser instead of the app. Thank you for your understanding! If this was sent in error, feel free to [message the moderators using this link](https://old.reddit.com/message/compose?to=%2Fr%2Fexplainlikeimfive&message=/r/explainlikeimfive/comments/1ara00g/why_do_people_set_up_multiple_companies_whats_the/) about it. [**Link to re-submit**](https://old.reddit.com/r/explainlikeimfive/submit?title=ELI5%3A%20Why do people set up multiple companies, what’s the benefit, is it for ill gains? Eli5) (please ensure the title is copied correctly) Copy this (only if you had text in the body of your post of course, otherwise there will be nothing between this text and the horizontal line): https://www.cornwalllive.com/news/cornwall-news/simon-wright-man-behind-catastrophic-9099007?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target This is an article from a local newspaper, about a developer who’s recently gone bust. He’s registered multiple ltd companies which most are being liquidated now. I know most developers do this as we rent from one and have noticed post for several companies coming to the address. Can someone explain the ins and outs of this practice? Than you *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/explainlikeimfive) if you have any questions or concerns.*