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steve201
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Hi

I have this same situation with a client already and i must cuation you to be very thorough from the beginning with your accounting or bookkeeping as it is very simple to become lost by over complicating BOTH businesses.

I as an accountant would much rather you as the business owner setup a second business bank account with the ability to account for the second business seperate from the first.

As I gather the second business is NOT a division of the first Id seriously consider a second ABN to help you be accurate in your accounting and bookkeeping.

Thanks.
Steven