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Updated 7 months ago on . Most recent reply
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Finding bank for new LLC
Hello all,
I recently filed for a new LLC in Michigan to hold investment properties under, and I'm currently in the process of looking for a bank to open a business checking account with. Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts.
A little background information in case it's important: there are 3 partners holding equal ownership in the LLC, only one of us lives in MI. We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.
If anyone has any banking recommendations in Michigan I'd love to hear them. I'd also really appreciate any thoughts on choosing a big national bank vs. a smaller organization, as well as advice on how to filter through banking options to find a good fit.
I understand this is fairly broad, open-ended question. If any more information is needed to respond to my post please let me know!
Thank you for any/all responses!
Ryan