Salons 2nd location......checking account for each location?

[AZ-Tax]

Salon, Sole Proprietor single member LLC, launched 2nd location. Would it make for cleaner books to have each location have their own checking account or basically a sub checking account but both locations/accounts under the one EIN #?

[ATSMAN]

Salon, Sole Proprietor single member LLC, launched 2nd location. Would it make for cleaner books to have each location have their own checking account or basically a sub checking account but both locations/accounts under the one EIN #?

It is a disregarded entity so sch C and it really does not matter as long as the expenses are combined in the appropriate lines of Sch C.

[AZ-Tax]

Yes on filing Sch C but probably S-Corp for tax year 2015

It is a disregarded entity so sch C and it really does not matter as long as the expenses are combined in the appropriate lines of Sch C.

Yes on filing Sch C and that is what I was thinking but probably S-Corp for tax year 2015. Would that change things?

[Burke]

No, unless each location has someone who is authorized to pay expenses from the same bank account. That could be a nightmare.