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Updated 7 months ago on . Most recent reply

User Stats

3
Posts
2
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Anya Kotova
2
Votes |
3
Posts

Opening bank account for child LLC

Anya Kotova
Posted

Hi everyone, I have opened a second LLC (child LLC) in Florida, owned by anonymous parent LLC in Wyoming (which is owned by me). I got stuck with opening a bank account for child Florida LLC. Got only one EIN that belongs to the parent Wyoming LLC. I've wanted the child Florida LLC to be a pass through entity, so the taxes are paid by parent Wyoming LLC, which is taxed as corporation.

Which bank would you suggest to use to open an account for child Florida LLC?
I tried Chase, and they've required separate EIN for child Florida LLC. Since EIN each EIN is attached to a name, but not another entity, doesn't seem like that would make the Florida child LLC a passthrough entity by getting it's own EIN (which would be attached to my name). 

Most Popular Reply

User Stats

38
Posts
55
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Clint Coons
  • Real Estate Attorney
  • Tacoma, WA
55
Votes |
38
Posts
Clint Coons
  • Real Estate Attorney
  • Tacoma, WA
Replied

@Jean Wilner Wilner. To open an account, you are required to provide the bank with your personal information. However, this does not compromise your anonymity, as the details you share are kept private and are not accessible to the public.

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