Managing Bank Accounts For LLCs

[Andy Levin]

Hey Folks,

Curious to know how those of you with LLCs manage your bank account(s). Do you have a business checking account where rent gets deposited and a separate savings account where you hold the security deposit? Where do you keep your reserve / emergency money? How and where do you withdraw your profits from? Is transferring money from this business account into your personal account considering 'piercing the corporate veil?'

I know that is a lot and you may not be able to offer 'legal advice,' so just curious to know how those of you out there approach this.