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Updated about 5 years ago,

User Stats

335
Posts
251
Votes
Daniel Kong
  • Rental Property Investor
  • Honolulu, HI
251
Votes |
335
Posts

Out of State LLC - Where to open Bank Account?

Daniel Kong
  • Rental Property Investor
  • Honolulu, HI
Posted

Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I register my Indiana LLC here in Hawaii and just open a business bank account here in Hawaii. Just wondering if there is any upsides or downsides to doing it either way. Thanks in advance!

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