Doing Business As on Multiple LLCs

[Alick Patrick]

If I have 20 properties and I set up one LLC for every 5 properties, can I set my D.B.A. for all four LLCs to the same name?

Furthermore, do I have to have one bank account for every single LLC that I create or can I open one bank account to use by all four LLCs since the D.B.A. name is the same? Will that screw up my accounting and tax filing? Should it be multiple LLCs with one parent company?

I'm asking because I am setting up my first LLC. My long term goal is to collect residential rental properties without the intention of reselling them (not yet, at least). I'd like to set up my structure with my long term goal in check so I don't complicate things in the long run.

How are you guys doing it? Better question: what is the ideal way to do it?