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Updated about 1 month ago on . Most recent reply

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Forms of rent payment

Posted

We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo. What types of IRS/CPA approved payments are working well for rents to LLC entities to keep personal and business funds from co-mingling?

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