Banking / Finances for TIC with two LLC's

[Jason Krawitz]

Greetings from Nashville! It's 70+ outside here and beautiful today :-). 

I'm searching for solutions/suggestions/ideas. I bought a property last week with a new partner. We took title as LLC1 + LLC2 as tenants in common. 

The problem is we can't open a bank account with both LLC's listed as owners of the account.

Suggestions on how to manage the finacial transactions for our TIC partnership without compromising either LLC? If we do all of the banking in LLC1's name, would listing the PERSON that owns LLC2 as an authorized signer pierce the corporate veil? Surely someone else has done this and has an EASY solution. I HOPE!

Thanks!

Jason