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25 Oct Noticed the Illinois Sec of State had set up my LLC so I went and get an FEIN (online) and an Illinois Business Tax Number (still processing). So I decided to see if I could take the two sets of info I had and get a business bank account. My lawyer said I couldn't. I won. Moving away from banking, I want to ask people here how people here structured all their endevours. If you have a profitable business do you set up a whole new entity when you start a new project? Due you feel there is no legal risk and not even worth your time to separate? Do you do it because your state or country is cheap (In illinois its $500 per LLC)? Let me know
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