Operating and holding LLC structure
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.