Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Personal Finance
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 6 years ago on . Most recent reply

Account Closed
  • Specialist
  • Hendersonville, NC
23
Votes |
159
Posts

Two LLC's, Two Bank Accounts?

Account Closed
  • Specialist
  • Hendersonville, NC
Posted

Hi all,

Currently I have one LLC and a business bank account associated with it.

If I create another business, does it make the most sense to create a separate business bank account for it?

Thanks,

Ben

Most Popular Reply

User Stats

3,685
Posts
4,423
Votes
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,423
Votes |
3,685
Posts
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied
Originally posted by @Account Closed:

Hi all,

Currently I have one LLC and a business bank account associated with it.

If I create another business, does it make the most sense to create a separate business bank account for it?

Thanks,

Ben

It's required. 

Otherwise you're piercing your corporate veil. 

Each LLC= it's own bank account.

business profile image
Kolodij Tax & Consulting

Loading replies...