Checking account - obviously separate personal from business

[Jason Turo]

What are the risks / potential liabilities if we operated an LLC for rental properties but used a checking account strictly for business purposes in our personal names? We would obviously not use this account for any personal transactions, it just seems easier than setting up (and potentially paying) a business checking account. Thanks

[Bob Okenwa]

Get the business account, pay for it, and call it the cost of doing business if you are going to go with the LLC. No sense in half stepping along the way if you're going to go all of the work of getting the LLC going.