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Updated almost 2 years ago,

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4
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1
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Jake Collins
1
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4
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How to separate business from personal income

Jake Collins
Posted

Hey all,

I got into short term rentals about 9 months ago and have just been collecting all of the income direct into a savings account which I have not touched. I recently purchased a second property and am looking to leverage that income to pay for the new furnishings. I also have an LLC that I haven't done anything with yet. Should I switch that income over to the LLCs bank account and then buy furniture from there? Or is that unimportant.


Thanks in advance!

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