About having a checking account for your LLC

2 Replies

Is it better to have your checking account for your LLC at the same bank as your personal checking account or is it safer (as in if there is ever a lawsuit) to have it at a bank that is completely different?

I don't think it matters, really. I have accounts at more than one bank, both personal and business.  In fact, I think it helps in terms building relationships with banks when you open accounts with them, especially when you are ready to apply for lines of credit or commercial lending.