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Updated about 1 year ago,
Open a business bank account?
Hello fellow investors!
Three days ago I closed on a duplex - one unit has two years left on a lease and I will be living in the other unit (house hacking).
I have two questions:
1) Should I open an LLC, even if I'm just renting out a single unit?
2) Should I open a business bank account for all rent and expenses? (If so, any suggestions on a good bank to go through?)
Thanks in advance!