LLC setup question - any special care needed ?

[Pradeep Tiwari]

I and my partner is planning to on board some investors and to make things more streamlined we  are planning to 

1. Setup a LLC - that will be used for all the investor tie-ups

2. open a bank account for this LLC.

I`ve questions related to same 

1. What are the things we should take care for this setup ? any personal experience 

2. Is there any better way to handle this situation ? 

3. how this LLC is different than an LLC for a business ?

4. which bank do you use and what are benefits ? 

- Pradeep

@Rudranil manna