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Updated almost 11 years ago on . Most recent reply
Multiple LLC's, Do you have multiple business Credit Cards?
I'm interested to know what other's are doing with multiple rental property LLC's and their credit cards. I have three rental property LLC's, but currently only have one credit for one of the LLC's. I'm really not a fan of opening multiple lines of credit and/or having multiple credit cards for each LLC.
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I have separate bank accounts and credit cards for each LLC. My lawyer told me something that has always stuck with me. "In the future, when you are defending a lawsuit against your LLC, the courts will treat the LLC as a separate entity as seriously as you did"
It makes decisions like this easier for me!