Best business practice

When purchasing another window cleaning business, is it best to keep the revenue from that company separate from your original, (ie. separate checking account, open up a new company in quickbooks, etc.) or just put everything together in the same account?

I guess it depends on what you’re wanting to do with that company. If you want to assimilate the company into yours, then I’d say throw it all into one. If you want to run the other company as competition to yours, I’d keep it seperate.

Just my thoughts…Keep in mind that I only have my company and have never bought another company.

I’d consult an accountant to see what potential issues there are w/ both options.

Yeah…that too :smiley: