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Updated over 5 years ago,
Bank account setup for multi-member LLC?
I just started a multi-member investment company with a partner for multi-family acquisition. There are a total of 2 people involved. I am wondering how to structure our bank account as an organization. Right now, we have minimal expenses but will later on buy a domain, pay for Gmail Business ($6/mo), and pay a RE lawyer to draft an operating agreement, among other costs down the road.
Should we open a joint bank account to do business through and each deposit a small sum, say $1,000 each, to start for these joint expenses? The goal is for it to be as simple as possible.