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Updated over 4 years ago,

User Stats

204
Posts
31
Votes
Mak K.
31
Votes |
204
Posts

LLC Transactions- How to keep it simple- Accounting

Mak K.
Posted

So I have a parent PXX LLC in WY and then child A1 LLC, A2 LLC, A3 LLC in Texas. Each child LLC has one property. All lease are signed under A1, A2, A3 llc with tenant.

Now for the rent collection, expenses paid etc, can I just deposit all transactions under Pxx LLC? Or do I have deposit checks for property A1 LLC under A1 LLC bank, and A2 LLC under A2 LLC Bank accounts?

I am trying to keep things simple. How are you guys setup?

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