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Updated almost 6 years ago on . Most recent reply

User Stats

130
Posts
29
Votes
Harry Williams
  • Atlanta, GA
29
Votes |
130
Posts

Bank account setup for multi-member LLC?

Harry Williams
  • Atlanta, GA
Posted

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. 

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