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Updated over 1 year ago,
Which LLC for Bank Accounts - Holding or Operating or Both?
Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and two specific to my first property. Does that mean that my holding company will open the three "entire business" accounts? And my operating LLC will have the two specific accounts for my first property?