New LLC or DBA

[Richard Chae]

Hi all, I created an entity for the sole purpose of buy and hold/ltr. I recently came across JV opportunities that would buy and flip. Is it best to create a new entity? Or can I create a DBA to separate my capital gains funds separate from rental income. Thanks for your insights.

[Richard Chae]

Quote from @Daniel Tanasa:

Hey Richard,

A DBA will only help you if you have a series LLC. Even in that scenario, in order to have separation between businesses you'll need to make sure you keep acurate books for what money is going in and out for the flip business and what money is going in and out for the buy and hold. In my opinion you're better off to just do another separate LLC that you'll use for the short term gains.

Gotcha thank you!