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.
Tax, SDIRAs & Cost Segregation
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 almost 6 years ago,

User Stats

73
Posts
55
Votes
Andrew M.
  • Rental Property Investor
  • San Diego, CA
55
Votes |
73
Posts

How Many Bank Accounts for Series LLC?

Andrew M.
  • Rental Property Investor
  • San Diego, CA
Posted

This is regarding a series LLC in the great state of Texas, but I'd be interested in opinions from other states since I haven't come across any case law supporting an answer to this in Texas. I have a series LLC, each branch of the series owns one property, and also have a separate management company LLC for contracts, marketing, advertising, misc. expenses. I've read at great length of lawyers and CPAs recommending one account through the management LLC, since the series does nothing but 'hold' the properties. Now my lawyer is recommending me to have a different account for each property (aka one for each branch of the series) and operate each one financially individually also. Does anyone have opinions or case law supporting either side? What say you?

Loading replies...