New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I have an LLC and a DBA, do I need a separate bank account for each or can I have one for just the LLC and have everything run through that? What if I have more than one DBA, like a graphic design DBA and a web design DBA both under one “Creative” LLC?
Dear Jason,
Technically, you can have one account and add all DBAs to this account.
However, if you will be running different businesses under one legal entity (LLC), but using different DBAs its healthier to have separate bank accounts for each line of business (from bookkeeping point of view).
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
