So you have two taxonomies, namely: "Business Type" and "Location"

This is assigned to a node called BUSINESS. In effect, when the user creates a BUSINESS node, her has to choose for example, location "New York" and type "Information Services". My problem is when: a) Capturing the taxonomy, and b) Displaying the taxonomy

I want the two terms to be separated from each other. I.e. I want to be able to move the two terms individual positions in the MANAGE FIELDS view, so that they can be grouped or placed seperately. Currently, Drupal only allows one entry, called "TAXONOMY" which is effectively the two terms next to each other.

This is what I have:

This is what I want:

Bare in mind, I need to be able to use this with Hierarchical Select, which means Content Taxonomy is not an option.