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 4 years ago,

User Stats

54
Posts
16
Votes
John T.
Pro Member
  • Investor
  • East coast
16
Votes |
54
Posts

Please some light about the LLC structure .

John T.
Pro Member
  • Investor
  • East coast
Posted

I hope everybody is having a great day . I need some light into a question I have. I am considering to create LLC's for my properties , perhaps a series LLC. I read that no matter how good is the structure you set for your business, if an attorney can prove a relationship between you and the entity , your protection is off. So now my question is , how people move their profits ( from LLC's bank accounts) to their personal accounts ? What happen if I need some money that is in my LLC bank account and comes frOm a rental , and I need that money for a personal matter, or to buy something? I really do not understand this . Would not be that a clear link between me and that entity?

  I know maybe this question looks dump(probably it is ), but I really would like to someone who uses this structures to explain how he can use his profits for any personal use, if given the case. 
I was about to get the series LLC, because apparently I can use one entity for my personal cash and another for my stocks account . But how I do deposit money that comes from my paystubs into this entities, if I want to keep putting more money into it? Would not that be a clear link to my personal account ??

Seriously , very lost into this .

I hope some of you guys can help me to understand this . 

Thank you so much !!!

  • John T.
  • Loading replies...