This ad will close in
Question added to topic Legal Basics For StartupsJune 16, 2008

Can two DBAs be under one LLC?

If it is possible, would it be an accounting nightmare?
An LLC can certainly operate under more than one DBA. But you’re right, it could become an accounting nightmare, even if you are absolutely meticulous about how you categorize income and expenses. That's because all the money would be flowing in and out of the same company, even if with different bank accounts.

If one line of business (DBA number one) happened to be doing poorly, it would adversely affect the fortunes of DBA number two --because, again, it’s all part of the same company.

It would be best to speak to your accountant--or whomever would be handling your books--to see if your scheme could be handled easily or if it will cause unnecessary headaches (and markedly increased bookkeeping and accounting fees).

Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.

0 Comments. Post Yours.

About ASK ENTREPRENEUR

Ask Entrepreneur is a question-and-answer forum for and by the Entrepreneur.com community. Send in your burning business question, or comment on someone else's now. Have a Question? Ask Now

Topics (over 1000+ answers)

Don’t see a topic? Suggest One

Ask Entrepreneur Q&A Hangouts

Google + Hangout With Shark Tank
Google + Hangout With Jason Falls
Google + Hangout With Angela Jia Kim
Google + Hangout With Grant Cardone