Isn't that taxation of internet traffic?

I know this is askew of topic, but if you have several (say 10) properties under seperate LLC's and you want to borrow some or all of the money from each LLC's bank account to something (like maybe another property) how is that accounted for from a legal and taxation standpoint?

These affect the taxation of the account as well I believe.

I agree with J as the taxation differences is why I wanted to establish as an S-Corp vs LLC.

As I pointed out, its a taxation issue. 

It's a transfer of wealth by opportunity rather than taxation.  

I have one rental property that is under my personal name. I'd like to buy a second and put it under a LLC. My question is, since I've never ran a business under a company name, how do the taxes work? Will my LLC pay ...

(The house is in the name of all 4 of us, me, my brother, and our wives; I’m not sure what complication that adds).Point is I thought we have some protection against taxation on the profit of a sale.

Held the house for a few years (past the required ownership for taxation), and listed for sale.

There are about 20 accountants on this message board who specialize in real estate taxation and can be helpful to you.Feel free to reach out to a couple for a consultation.In the meantime, it doesn't appear that you own any real estate at the moment.