Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

Account Closed
  • New York, NY
7
Votes |
183
Posts

What do you do to protect the legal integrity of your LLC?

Account Closed
  • New York, NY
Posted

I have created a LLC for holding a piece of rental real estate in Florida. I want to make sure I take the proper steps to keep my LLC as a separate entity then myself, what should I do other then the steps I have listed below?

Also- I purchased the property in the name of my LLC, but used my personal bank account to physically wire money to the title company. Is this ok? How should I record this transaction?

Things I think I should do:

1) Conduct regular meetings and record minutes
2) Use a Florida registered agent
3) Keep a separate bank account for the LLC and only use it for business expenses
4) Hold a operating agreement
5) Do I need to use "Quickbooks" or other professional accounting software to record expenses/revenues?

Loading replies...