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Bienes Raices
  • Orlando, FL
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LLC and the security deposit

Bienes Raices
  • Orlando, FL
Posted Mar 29 2010, 10:38

For those that own multiple LLCs, how do you handle the security deposits? In my state the law is the deposit is supposed to be held in it's own bank account and not comingled with any other monies. That could become a bit difficult to manage if you owned multiple LLCs, each with 2 bank accounts (one for the rents, the other for the deposit).

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