Pay mortgage with personal checking account or LLC's account?

Question

I have all my investment mortgages on auto pay with my personal checking account which I like because I have plenty of buffer and don't have to worry about shortages from vacancy loss etc. However I just purchased my first LLC which is attached to a group home I bought under my personal name and am wondering if I should pay the mortgage (conventional residential loan under my personal name) through the LLC's business checking account or I can just keep it on auto pay with my personal checking account. Also, any tax implications? Since my LLC is a single member pass through I imagine it doesn't matter.

Regarding LLC liability protection, that is not a factor because due to the nature of the business it's impossible to keep my name completely hidden, and I have umbrella insurance.

Sean Morrison · Answer

The LLC isn't there for anonymity, it's there to limit liability. But to do that, it needs to hold the assets. You say the LLC is "attached" to the group home, but that the mortgage is your name. Who owns the group home?

Joseph Firmin · Answer

Hi @Reese W., ask a CPA about the tax implications, but to uphold the integrity of the LLC and the proof that it truly is a legal entity separate from your personal financials, you should pay all expenses through it. You should also speak to an attorney about this as well. Corporate Direct or another service like it should be able to help you make sure you both set up the LLC correctly and administer it.