Entrepreneurs: Having a DBA not related to your business?

Ns1

No Lifer
Jun 17, 2001
55,413
1,570
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So I have several different income streams I would like to consolidate into one business. I'm debating between

a. DBA related to primary business activity
b. DBA with a "holding" type name (blah blah holding group, blah blah investments, or something else)


Any pro's and con's to either approach? Would a bank look at me weird for having a business name not related to my primary business activity?

Method (a) I feel is most appropriate...but method (b) sounds like a good idea if my other revenue streams start making bank


Anybody?
 

Legendary

Diamond Member
Jan 22, 2002
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0
I do not know any pros and cons, but my dad is owns multiple businesses of different veins and keeps separate accounts for every one.

Edit: Sorry, that wasn't your question. A generic name might garner some interest from the IRS.