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Kulin Dakwala
  • Piscataway, NJ
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Operating and holding LLC structure

Kulin Dakwala
  • Piscataway, NJ
Posted Sep 3 2019, 10:27

Hello,

Recently, I worked with attorney and created one operating LLC and one holding LLC. I am in process of setting up bank accounts for each and transferring title from my name to LLC. I really appreciate if can get help on below.

1. Do I need to transfer title from my name to operating LLC or holding LLC?

2. Assuming that operating LLC will take care of lease and collecting rent. Do I need to use operating LLC to pay mortgage or transfer money from operating to holding and holding LLC will pay mortgage?

3. How can I put initial deposit in both the accounts?

Thanks in advance.

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