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Updated over 3 years ago,

User Stats

1,033
Posts
872
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Stephen Brown
  • Real Estate Broker
  • Huntsville, AL
872
Votes |
1,033
Posts

Denied for a Business Credit Card

Stephen Brown
  • Real Estate Broker
  • Huntsville, AL
Posted

Hello BP,

I set up an LLC for my first property back in December. It is a single member LLC and I quick claimed the property from my name to the LLC's. I will have a separate bank account for the LLC, and I have separate accounts for the rent, security deposits and cash to pay for expenses for the property. However, I had a few months of vacancy and in order to pay for expenses I transferred money from my personal bank account to my business bank accounts. My question is am I still protected or did I just ruin the whole purpose of the LLC protection?

My other question is that I can't seem to get approved for a business credit card since my business is less than a year old. Is there a way around this so I don't have to keep using my personal credit card or business debit card?

Thanks!

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