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Alex Forest
  • Rental Property Investor
  • Henrico, Va
140
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236
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Addresses: LLC, Title, Insurance, Lender, Banking, Tenant

Alex Forest
  • Rental Property Investor
  • Henrico, Va
Posted Mar 1 2019, 18:20

Hello,

I have searched through the forums and found/read many posts, and now wanted to reach out to the BP community on this topic to hopefully get some additional feedback. This post is a question about addresses. There seem to be a variety of takes, but with a primary goal of keeping a primary residence address separate from business activities (not "comingling" personal and business activities), and having a consistent address for the LLC, there seems to be a challenge. I've seen responses to individual aspects of these items below, but wanted to bring some of them together, are there any suggestions on the following with the goal mentioned above?

1.)Formation of LLC:

  • a.Registered Agent: Attorney/registered Agent service address
  • b.Principal Office (Virginia): allowed to be same as RA address (attorney/RA) or USPS physical address (not PO box)

2.)Transfer of Title/deed to LLC: Address of LLC owner for rental property = ? (USPS physical address?)

3.)Insurance: Plan to List LLC on insurance policy with self as "Additional Insured"; change mailing address to USPS physical address to keep consistent with LLC business address or keep it going to primary home address?

4.)Lender: Update mailing address from primary home to USPS mailing address?

5.)Banking/checks: List USPS mailing address

6.)Tenant (Lease): List USPS mailing address on lease, and have checks mailed there.

Thanks!

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