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Updated almost 6 years ago,
How Many Bank Accounts for Series LLC?
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?