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The phrase "as separate business" is correct and usable in written English.
It can be used when discussing the distinction between different entities or operations within a larger context, often in a business or legal setting.
Example: "The two departments will operate as separate business units to ensure clarity in their financial reporting."
Alternatives: "as distinct entities" or "as independent operations".
Exact(3)
Once this worthwhile approach was approved last fall in the Senate Finance Committee, however, the bill quickly doubled in size into another budget-busting juggernaut: 146 amendments were tacked on as separate business sweeteners with dozens more in the works.
The study explored both a SKYLON operator (S-ELSO) and SKYLON manufacturer as separate business ventures.
In general, co-branding can be defined as several brands collaborating in technology development, marketing, or production while keeping their independence as separate business entities (Stewart, 1995. Marketing News 29(4), 5).
Similar(56)
"They are still going to be run as separate businesses and the IT platform will be run separately but it is using the experience of Naked Wines, which has been very good at developing an online business".
They now operate the review sites as separate businesses.
When he arrived at Sony, none of the major American divisions, which also include a sizable electronics business, reported to him; they were run as separate businesses.
"They have traditionally been run as separate businesses, but now there is support in the company to change that," he said.
Whole Foods is divided into a dozen regions, which in some ways operate almost as separate businesses, to encourage creativity and a sense of ownership.
Ryanair's merger proposal envisioned operating the two airlines as separate businesses, although the two would control more than 70 percent of the Irish air travel market between them.
Executives of Liberty, which invested in the bookseller largely on the promise of its nascent digital content platform, indicated at an industry conference earlier this week that they see Barnes & Noble and Nook as separate businesses.
And the company that won a large market share at the start would prevail later on.Mr Gates also realised that making hardware and writing software could be stronger as separate businesses.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com