Revenue and multiple entities - small business accounting

[stuartbw]

I recently resigned from my job and started a new business in
consulting. I established a new entity "A" for this purpose. After a
month, I joined forces with another consultant we jointly formed entity
"B". We agreed to pool all of our contract fees into the joint entity.
Can I deposit revenue earned under my "A" work into the "B" entity?
Or do I have to put it separately in the "A" company for tax purposes?
If so, how can I flow it through to the "B" entity? Can I bill it
through?

-stuartbw

[Stuart Nottingham]

What form are the entities? Corporations, partnerships?

Post by stuartbw
I recently resigned from my job and started a new business in
consulting. I established a new entity "A" for this purpose. After a
month, I joined forces with another consultant we jointly formed entity
"B". We agreed to pool all of our contract fees into the joint entity.
Can I deposit revenue earned under my "A" work into the "B" entity?
Or do I have to put it separately in the "A" company for tax purposes?
If so, how can I flow it through to the "B" entity? Can I bill it
through?
-stuartbw

[stuartbw]

All are LLC's. Our individual entities are single-member LLCs, our
joint entity has both of us as members.