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Advise on structure and bank accounts
Partners,
I would like your opinion on the following:
1. Wyoming LLC with TWO Members is a holding company
2. The WY LLC owns LLCs in different states. Each LLC holds a real estate asset with a buy & hold strategy.Focus on rent collection/cash flow.
Question: 1 bank account per state LLC and one for the WY LLC? or best to have just the bank account for the WY LLC be used for all financial transactions across all state LLCs?
Manny