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Do I need separate bank account and separate accounting for the DBA/Fictitious name?

San Jose, CA |

Hi, I have an S-Corp called ABC Inc.
Plus I have a DBA/Fictitious name as XYZ Tech.

Do I need separate accounting for these two?
DO I need separate filing of legal requirements for these two?
Do I need separate bank account for these two?

Thanks so much.

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Attorney answers 4

Best Answer

You do not need a separate accounting for tax purposes because the S-Corp will be the primary filing entity. You could have a dozen DBAs associated with the S-Corp, but they will all be reported for tax purposes via the underlying S-Corp. You may, however, want to separate them internally for your own management purposes. "DBA's" are filed with the county in which you will be doing business, whereas your incorporation is handled by the Secretary of State's office. Banking is similar to the tax issue above-one account in the name of the corporation should suffice, but the bank will want a copy of the fictitious name filings, particularly if you want those names on you bank accounts, checks, etc.

This is general information and not meant as specific legal advice for any particular situation.



Thanks so much. As DBA is filed with county - are their any annual filing needs for any documents to the county? Thanks so much.

David William Leonard

David William Leonard


The DBA filings are usually good for multiple years. You may need other permits at the county level if you are, for example, in the food service industry. A business attorney can give you a complete list for your business and location.


As a pure straight legal analysis, I would say no. In terms of what your bank requires, you are probably going to have to show them a copy of your filing of a fictitious name statement, and include them as a name on the account so they can still use your same account. There is no legal problem with this, and I would advise that if you wanted to proceed with this, you move forward in this fashion unless you have some other reason you want to segregate the accounts.

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A separate accounting is allowed but not required.
The filing of the DBA must be renewed every five years.
A separate bank account is allowed but not required.

The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also terms and conditions item 9, incorporated as if it was reprinted here.


Well, what you need to do and what you should want to do may be two different issues. On the assumption that the dba is a business operating under the corporation [not a separate business all together] I would suggest that you have two separate checking that you lower the chance of someone charging you with commingling funds and seek to attach the assets of both a more robust conversation with an attorney of your choice would be helpful and may more fully answer the question.
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