Stupid question on bank accounts

[Carlo D.]

Really apologize if this is a stupid question, but I’m new to RE investing so I hope to get some help with this basic question. 

i recently went into contract for my first rental property out of state (PA). I'm going to be forming an LLC in PA to hold the property. My question is, can I open a bank account for the PA LLC in my home state of New York?

[Rhealaine Sayson]

Hey Carlo, there's no such thing as a stupid question, especially when starting out! Yes, you can open a bank account for your PA LLC in New York. Many banks allow you to open business accounts regardless of the state where the LLC is formed. Just make sure to bring all the necessary documentation, like your LLC formation documents, EIN, and personal identification. It's also a good idea to check with the bank ahead of time to see if they have any specific requirements.