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Updated almost 2 years ago on . Most recent reply

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Sarah Pelton
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Checking Account and Business Credit Card Recommendations

Sarah Pelton
Posted

Hello! I have 3 LLC's right now--one for each STR. My plan is to open up a separate business checking account per LLC. My questions:

1. Who do you recommend for the business checking accounts? Is Bluevine a good option?

2. Do you think I need savings accounts for each business?

3. For the business credit card(s), is there a way around opening a separate one for each LLC but still keep transactions separate? Or, best to have one per LLC.

4. Recommendations for best business credit cards? 

Most Popular Reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Sarah Pelton:

Thanks, @John Underwood. Do you find that cumbersome from a bookkeeping perspective to keep expenses separate? Any advice on business credit card(s)? I see your point as I scale (and that is the plan). I am trying to balance keeping filing easier and not having an unnecessary number of accounts. 


 I use a Capital One Spark business card. It pays 2% back on everything. No annual fee.

I write on the top of each receipt and add something in memo for checks to make it easy to keep seperate for each property.

  • John Underwood
  • Loading replies...