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Updated almost 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Nick Thomas
1
Votes |
5
Posts

Business Credit Card setup, can I have one or do I need one each?

Nick Thomas
Posted

Hi BP! 

I would like to get a credit card for expenses and want to ensure that I set it up right from the beginning. Am I going to need a credit card per sub LLC that owns the various real estate OR am I able to set it up under my holding LLC and manage all of the expenses through that single CC? My thought was to have separate checking accounts for each property and a savings for the holding LLC for ease of transfers and tracking.

Current setup:

Single member holding LLC

  • REI 1 - duplex
  • REI 2 - airbnb
  • REI 3 - duplex
  • etc.

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