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Updated about 10 years ago on . Most recent reply

User Stats

111
Posts
10
Votes
Mark Bradford
  • Property Manager
  • Greentown, IN
10
Votes |
111
Posts

Multi LLC's shared monies?

Mark Bradford
  • Property Manager
  • Greentown, IN
Posted

Ok so I've looked and maybe missed it (so sorry if it's been talked about before and if it has can someone just post the link. Thanks)

I own a S corp management company and two LLC's. The LLC's own the properties and the S Corp owns nothing. If I have a surplus in one LLC can I use it for repairs on a property under the second LLC? I have been told a couple different ways on this. I was wonder how most handle this.

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