How Do My Partner and I Both Have Visibility To Profits/Expenses?

[Lauren Gilliard]

My investing partner and I both have our own separate LLCs, but we want to partner on a deal 50/50 and both have visibility to the all profits/costs/expenses in the bank account. Is it best to create a new LLC/LLP for this deal to have that visibility or is there an alternative? We have a partnership agreement in place, but in order for us to both have visibility to the bank account we need an EIN.

Any suggestions would be greatly appreciated!