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Creating an LLC to be controlling 3 DBA's (Many questions I hope to get help from)


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Old 12-17-2006, 02:03 PM
manson manson is offline
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Default Creating an LLC to be controlling 3 DBA's (Many questions I hope to get help from)

I am currently creating my main LLC that will be controlling my 3 other companies which I intend to file them just as DBA's in TEXAS.

I plan to sell retail merchandise from two of the DBA's and the third DBA just to do service related stuff. My LLC I plan just to use for tax and protection pursues for me.

1) Will I need to file for 4 different seperate Tax ID's or just one for my main LLC.
2) Will I need to file for sales license/permit for my two DBA's or just file one for my main LLC?
3) Bank accounts, should I open four different bank accounts or just for my main LLC?
4) Main Box I plan to use a UPS Mail Box, can I use one box for all 4 companies (1 LLC, 3 DBA's) or do I have to open up four different addresses?

Overall Goal, I want a centralized LLC to control my many DBA's that will simplify tax purposes if I can and protect myself. My companies at this point have low risk....


I am new to this forum, but from what I read, I plan to read this everyday! Thanks for your time everyone!


*I put this topic in the wrong topic subject so I am placing it here instead, my apologizes if this should cause any issues.*
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Old 12-17-2006, 02:08 PM
uli uli is offline
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1) One LLC = one EIN

2) One LLC = one license/permit

3) It's your choice. You could have one bank account for each dba, or one account to accept payments for all dbas. You just want to make sure your bank has your dba on file and adds it to your account so you won't have any trouble depositing a check that a customer makes payable to your dba name instead of your LLC's legal name.

4) Depends on whether UPS will let you accept mail addressed to the different names at one box. But as far as filing the dbas go, there's no requirement to have a different address for each dba. One person with one address could conceivably have 100 diffferent dbas.

A dba is just a trade name, a name other than the LLC's legal name under which it will do business. The LLC still remains one entity.

Your businesses might have a relatively low risk at this point, but no one ever can be assured that they won't be sued. Esp. nowadays--according to many asset protection firms, the average American will be sued 5 times in their lifetime. Not saying that you absolutely should form multiple LLCs, but just a recommendation that you carefully consider this before lumping two retail businesses and a service business (and, by extension, all of their revenue and assets) into one LLC.

Having said that, filing taxes for a single-member LLC would involve completing one Schedule C that gets attached to your 1040 tax return. But it probably wouldn't be that much more difficult to have 3 LLCs with 3 Schedule Cs. Might take a little more time but, if anything, you'd have a clearer picture of how each business was doing. At the end of the day, though, all of the income (whether 1 LLC or 3) would pass through to you anyway. So no difference, tax wise.
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Old 12-17-2006, 02:11 PM
diana diana is offline
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Thanks Angela!! I have asked so many people on other forums and this is perhaps the best answers I have been given. I appreciate the time you have spent in helping me clear my confusions. =)
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Old 12-17-2006, 02:13 PM
bone bone is offline
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Just to let you know, I filed my LLC (web-based) and just received my Certificate of Formation and Certificate of Filing and opened up a UPS Mail Box.

Next, I have to file:
- Three Assumed Name Filings (my DBAs)
- FID Tax ID for my LLC
- Sales And Use Tax Permit
- Resale Certificate


Do you see anything I am missing?
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