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Updated over 1 year ago,
Multiple bank accounts on LLCs ? holding structure question
Hi Guys,
Currently own multiple properties (Sfr),
they are spread out into various LLCs, having couple of properties in each LLC.
these LLCs are all owned by and a subsidiary of a 1 holding LLC.
Rent is currently flowing into 1 bank account, all expenses and income are being segregated and and accounted for with QB and works well.
Ive been reading that each LLC should have its own Bank account.. i feel this would be a pain to do..
What do you suggest doing?
how are you structuring your holding?
appreciate your insight.
stay safe.