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Updated over 1 year ago,
Property in OH, best way to set up llc/bank to keep track of expenses/taxes?
I am closing a property in Cleveland Ohio, Live in Maryland. I had opened an LLC & business bank account for in instate deal, I didn't go through it but now found a better option in Cleveland.
What is my next best step to collect rent payments, payments to property mgmt, track expenses, and pay taxes correctly? Do I use the Maryland LLC and bank account or open up an Ohio LLC, tie it to another business account, and run it that way? Or is there another way ?