LLC's and how to set up accounts

[Jerry Alvey]

We have an LLC for each property we own so do you recommend we get DBAs for each or separate bank accounts?

[Joseph B. Davisson]

Originally posted by @Account Closed:

@Jerry Alvey Get a good insurance policy and sleep well at night.

 ^ this is the right advice.  Too many people get too caught up in entity planning and spend too much time and money without realizing the ultimate purpose: protection.  Keep it simple and carry good insurance.  Proper insurance should provide you the protection you need.  This will cut down on your transaction costs, record keeping, and overall stress.  This is especially true for beginners and part-time investors.  When you have a few million in equity, or you are dealing in multi-million dollar commercial properties, reconfigure and take another look.  Until then, focus on good deals, carry insurance, and don't get distracted.