Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.

I assume you keep one set of books?

If you have the two comanies, each operating under different names and tax ids you should keep two accounts.

If one is A and one is B what will happen if the bank account does NOT say B but you pay B?

The IRS will also most likey ask for two bank accounts.

good morning

I realize it's simpler for YOU to have one bank account but is it that hard to have 2?

I see you are typing so I'll stay here.

OK. if you have no questions I'll leave you to accept.

three tax id's?

or just 3 business names?

what will the checks say?

same name?

why have 2 seperate names?

for the 2 business

then make your life simple. Keep one set of books, one bank account.

any reason to even keep the second business name?

ok.

That works for me.

I agree.

at the end of the day same pockets.

Go for it.

That's my CPA recommendation.

If this does not answer your question please let me know. Also let me know if you have additional questions.

This is my full time job and I only get paid if you accept my answer. We work on the trust system at JA.

If you understand my answer and have no more questions, please accept and please eave positive feedback (if so inclined). Thank you.

If you have no more questions I'll leave and let you accept.