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Updated almost 6 years ago,
Business Checking Or Personal Checking
I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a business bank account? The reason I have an LLC is my lender required me to get the loan under an entity rather than my personal name. But it is only me in the LLC so I'm wondering if there is really a need to have a business banking account.
Any thoughts?