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Updated over 8 years ago,

User Stats

345
Posts
70
Votes
Craig Garrow
  • Real Estate Broker
  • Malone, NY
70
Votes |
345
Posts

How much should I keep in LLC savings?

Craig Garrow
  • Real Estate Broker
  • Malone, NY
Posted
Quick question! I'm working on getting my LLC set up for my property management business. What I currently do, is keep a business savings account that is my "investment" Account - meaning it is strictly off limits except for real estate purchases. My thought is, once I get the company set up, to take all but $1,000 for incidentals out and put that into a savings account at a new bank that is harder for me to access on a whim. Just wanted to see what everyone else is doing! Thanks in advance!

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