Is EIN and Bank account needed for every LLC used for Rehab.

[Jefferson Gan]

Hi All

Just want to ask if you are creating an LLC 123 Main St LLC for the purpose of either flipping the LLC and re-assigning it (Wholesale) or for fix and flip projects only for that particular property (Rehab). Do you always need EIN and open a new Bank account everytime you create this kind of 123 Main St LLC?

The structure we have

This 123 Main St LLC has two members

1. LLC>

      2. Partner Indiviual

* There will be no employees for this 123 Main St LLC.

---Jeff