Who do you use for your LLC checking account?

[John Lee]

Looking to open a business checking account in Southern California (Orange County, CA). We have our LLC set up and close on our first rental property tomorrow.

Looking to establish a relationship with a smaller bank to be able to do portfolio lending (or creative commercial financing) in 2-5 years based on building a portfolio of high cash-flowing rental properties.

Who do you use for your LLC checking account, and how has your experience been.

[Joe Homs]

@John Lee Most major banks will still do an LLC/Business checking account. I went to my credit union because of the low to no fees associated with those institutions. There are different solutions in titling your property for "Privacy Protection" that would have been less expensive, but if you are looking for Liability protection then the LLC is good. When you start to acquire more properties, I would suggest you explore Land Trusts.

Good Investing.