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Use Same Account for DBA to LLC Update?

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Question: 
A customer has a DBA account and has updated his business into a LLC. Is it possible we can use the same account number and just update the info we have on file?
Answer: 

You should not. The LLC is legally a separate "person." You want there to be a clear separation between the individual and the LLC. Open a new account for the LLC and move the funds into it.

First published on 01/17/2016

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