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Good evening. Yes! Either incorporate as an S Corp or form a limited liability company. Either way, they both are taxed as flow-through entities so you won't be taxed twice, and most importantly they provide limited liability, so that if the new entity doesn't make it, your creditors can only look to the assets of the entity and cannot pursue your other assets.
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You're welcome. You can just form two separate entities. Because you are going to be the sole-owner, you can treat these for tax purposes as disregarded entities and they won't have to file their own tax returns...you can simply report the operations of these entities on Schedule C.