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Multiple Businesses? DBAs? How to have payment processing for all businesses?

by itzpaul
2 replies
I am in the process of running multiple businesses but need to know the best way to go about creating each one.

Is it best to have a DBA for each business so when clients/customers pay to your business. They are paying to that business "name" and not one of your others.

You would get a DBA for each and have to create a bank account for each?

How does this normally work? If someone can help me out .
#businesses #dbas #multiple #payment #processing
  • Profile picture of the author Eddie Titan
    Every time you are doing business under a name that is not your own personal name, you need a DBA (which stands for Doing Business As).

    Alongside a DBA, you can register for a tax id number. With that completed, you can go to the bank and acquire a business bank account. You can choose to open your business account under your business name.

    Note: You can use the same tax id number for multiple DBAs.

    Originally Posted by itzpaul View Post

    I am in the process of running multiple businesses but need to know the best way to go about creating each one.
    Depending on the size of your businesses, it might be more benificial if you look into registering a corporation and filing all DBAs under the corporation as apposed to filling them under your personal name.
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    • Profile picture of the author itzpaul
      So for example:
      Business Fitness
      I would need a Paypal, Checking Account, Merchant Account.

      Business Internet
      I would need the same. Paypal, Checking and Merchant Account.

      I would have to have an account of each with both so that way when they pay to Fitness. It goes to my Fitness paypal, checking? Same with "business internet"?
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