Does my US LLC have to have a Bank Account?

[stevy777]

I'm wondering if my US LLC needs a bank account for it's investments in USA

The situation would be:
- offshore company 1 creates profit from a business
- offshore company 1 wants to invest profits in USA
- offshore company 1 owns US LLC to invest through
- offshore company 1 creates one bank account for normal business and one bank account for profits from US LLC

Knowing that all profits from US LLC will be having a US tax obligation, is it ok for the "offshore company 1" to have two bank accounts, one bank accounts will just have profits from the US LLC ? But this bank account is under the name of offshore company 1 which owns the US LLC ...

 

[Fulton Abraham Sanchez]

stevy777 said:
I'm wondering if my US LLC needs a bank account for it's investments in USA

The situation would be:
- offshore company 1 creates profit from a business
- offshore company 1 wants to invest profits in USA
- offshore company 1 owns US LLC to invest through
- offshore company 1 creates one bank account for normal business and one bank account for profits from US LLC

Knowing that all profits from US LLC will be having a US tax obligation, is it ok for the "offshore company 1" to have two bank accounts, one bank accounts will just have profits from the US LLC ? But this bank account is under the name of offshore company 1 which owns the US LLC ...
Click to expand...

You do need a bank account for the LLC if there are funds to be received at the US LLC.