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Updated over 5 years ago, 07/09/2019

Rich Thomas's profile image
Rich Thomas's profile image
Rich Thomas
  • Investor
  • from Salem, Massachusetts
  • Member since Mar 10, 2016
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User Stats

124
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62
Votes
Rich Thomas's profile image
Rich Thomas's profile image
Rich Thomas
  • Investor
  • from Salem, Massachusetts
  • Member since Mar 10, 2016
Connect
Rich Thomas
  • Investor
  • Salem, MA
62
Votes |
124
Posts
Tax, SDIRAs & Cost Segregation

Intermingle LLC & Personal Accounts

Rich Thomas
  • Investor
  • Salem, MA
Posted

Hello-

Ive heard many times that if you mingle your personal accounts with your LLac accounts it will break the legal veil. I have a bank accounts for my LLC's...can I transfer my monthly cash flow from those LLC accounts into my personal savings account? If not, how do you get around this in order to get your monthly cash flow without intermingling accounts??

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