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Updated almost 6 years ago on . Most recent reply
How Many Bank Accounts Per LLC?
Just wondering what others are doing regarding how many bank accounts you open for each legal entity (LLC, S-Corp, etc).
I’m considering the following strategy:
Account 1: All rents are deposited into this account.
Account 2: Transfer taxes into this account (interest bearing savings)
Account 3: CapEx/Repairs account (interest bearing)
Account 4: Net Profit goes into this account. Also pay myself from this account
Thoughts? Looking for advice from experienced owners/landlords.