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Updated about 3 years ago,

User Stats

24
Posts
13
Votes
Sam Gleadle
  • Rental Property Investor
  • Louisville, KY
13
Votes |
24
Posts

Partnership Banking Help

Sam Gleadle
  • Rental Property Investor
  • Louisville, KY
Posted

Hello everyone,

I have a deal that I used funds from partners and created an LLC. I am also the managing partner on the deal so I am in charge of the bank account and distribution of profits, etc…

I opened an account with Novo, an online business banking platform that I loved at first, but all of a sudden, after only two months, they said my account is closing due to risk?

They will not elaborate anymore than that and I am confused and angry. With that being said, I need to open another bank account somewhere else rather quickly.

Was wondering if there were any better options for me to use for this deal and all other deals in the future?

Cheers,

Sam Gleadle

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