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Updated about 3 hours ago on . Most recent reply

Collect rent under LLC even though property is under my name
Hi all,
I'm looking for some guidance here as I have a property that's under my name and a multi-partner LLC with friends. We have a business bank account for the LLC and I want to begin collecting rent and paying the mortgage with that bank account to keep my personal finances separately. Are there any tax consequences or restrictions in doing so? Thank you in advance for your help.