New single-member LLC just set up. Do we need a new company set up or just a new bank account? No separate income tax return will be required.
We have a current company set up in QB for our farming and personal. I just wonder if I can just add a new bank account to the current company or do I need a whole new company. The new LLC will be filed on our current income tax return on a Schedule C.
New single-member LLC just set up. Do we need a new company set up or just a new bank account? No separate income tax return will be required.
The LLC should have it's own set of books. If you only want to set up a new bank account, I suggest you use classes so that you can isolate the LLC transactions.
New single-member LLC just set up. Do we need a new company set up or just a new bank account? No separate income tax return will be required.
The LLC should have it's own set of books. If you only want to set up a new bank account, I suggest you use classes so that you can isolate the LLC transactions.
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