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Updated about 4 years ago on . Most recent reply

User Stats

27
Posts
4
Votes
Brandon Chandler
  • New to Real Estate
  • Olive Branch, MS
4
Votes |
27
Posts

Advantages of using a Business Bank Account

Brandon Chandler
  • New to Real Estate
  • Olive Branch, MS
Posted

What are the advantages of using a Business Bank Account for your rental property's holdings? Are there any?

I understand that you have to have an FEIN to open a Business Bank Account, but do you have to have your property titled to an LLC or other business entity in order to use a business Bank Account?

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