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Updated over 1 year ago,

User Stats

13
Posts
8
Votes
James Toland
  • Rental Property Investor
8
Votes |
13
Posts

Starting an LLC/Business Account Questions.

James Toland
  • Rental Property Investor
Posted

Hello Everyone, 

I currently own three properties under my name and have a separate checking account for each under my personal bank account. How do I best go about creating an LLC and moving the money in each account to a separate business account? I am planning on calling Navy Federal to open a business account for each property but should I open the LLC first? Should I open the bank account under the LLC's name even though the properties are in my name? Thank you for any suggestions and tips as I do not want to go about this the wrong way.

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