I am opening up an LLC that, at first, will have two different "shares"...basically two different partnerships within a single umbrella. I am ready to open the bank account, but do not know if it should all be in the same account, two different accounts, or if there is a specific type of account that allows different accounts under a single "umbrella". Eventually there could be even more than just the original 2...there could be 3 or 4 or 5 different sub-partnerships eventually. So should I open a single account and deal with the bookkeeping nightmare, should I open 2 separate accounts even though they are for the same LLC, or is there a banking product that will be able to "keep up" with the type of LLC I wioll have...one with a bunch of sub-partnerships that technically should be kept separate for bookkeeping purposes?
Than You!!
Than You!!