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Updated over 9 years ago on . Most recent reply

Jose C.'s profile image
Jose C.'s profile image
Jose C.
  • Investor
  • from Miami, Florida
  • Member since Oct 11, 2015

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Jose C.'s profile image
Jose C.'s profile image
Jose C.
  • Investor
  • from Miami, Florida
  • Member since Oct 11, 2015
Jose C.
  • Investor
  • Miami, FL
0
Votes |
3
Posts
Starting Out

Setup one bank account for multiple LLCs or one per LLC

Jose C.
  • Investor
  • Miami, FL
Posted

Let say I have 3 LLCs(one rental per LLC) and I have another company that manages the LLCs. I was wondering if there is a way that the company that manages the LLC is the one with the bank account and not the LLC that owns the house? Is this legal? I say a video saying that is possible but did not explain how? In other words, if they are supposed to be different companies, under what kind of agreement a company will give all its money to another company without getting anything in return? In case of litigations, could this cause trouble with this kind of arrangement?

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