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Updated almost 4 years ago on . Most recent reply
Manage LLC Structure with Rental Properties
Hi BP Community -
I have created an LLC to hold title of my rental property and a parent LLC that is the manager/owner of that LLC. The parent LLC will be the pass through and parent for all future properties.
For practical purposes, should have my management company put the rental income in the subsidiary's bank account or in the parent's bank account? Does it mater?
Thanks in advance for your help.
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Dmitriy Fomichenko
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Dmitriy Fomichenko
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@Paul Cordasco, don't overcomplicate things... rental income belongs to the owner of the property.
What are you trying to accomplish with this multi-LLC structure?
- Dmitriy Fomichenko
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