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Question about business bank accounts

Discussion in 'Band Management [BG]' started by chaosMK, Oct 18, 2006.


  1. Oct 18, 2006 #1
    chaosMK

    chaosMK

    May 26, 2005
    Albuquerque, NM
    Too much hip thrust
    Ive started to get all the business stuff officially rolling for my band. We are going to be releasing a CD soon and just want to do stuff right.

    I did everything I needed to to open a band bank account (EIN, partnership agreement).

    I want to open up a publishing company for the band as well. Would we need a seperate business bank account for it?
     
  5. Oct 18, 2006 #2
    guy n. cognito

    guy n. cognito Secret Agent Member

    Dec 28, 2005
    Nashville, TN
    If the publishing company is a seperate legal entity, then accounting principals would dictate that the funds should be held seperately.
     
  10. Oct 18, 2006 #3
    chaosMK

    chaosMK

    May 26, 2005
    Albuquerque, NM
    Too much hip thrust
    Thanks.
     
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