azxten
Junior Member
- Mar 6, 2009
- 143
- 109
So I just started an LLC and I want to have multiple DBA accounts under it that are completely independent in a sense. What I mean is they will each have a separate bank account, etc.
I read somewhere that this can create an "accounting nightmare" but I'm not sure why that is. If the DBA is registered for the LLC wouldn't all these individual DBAs just be "pass through" for tax purposes to the LLC? Meaning all the profits and loses in each bank account simply get added up to determine the LLC profits and loses?
Do I have to report each individual DBA on my taxes or something or will I only have to list the totals for the LLC?
I read somewhere that this can create an "accounting nightmare" but I'm not sure why that is. If the DBA is registered for the LLC wouldn't all these individual DBAs just be "pass through" for tax purposes to the LLC? Meaning all the profits and loses in each bank account simply get added up to determine the LLC profits and loses?
Do I have to report each individual DBA on my taxes or something or will I only have to list the totals for the LLC?