Updated about 1 year ago on . Most recent reply
Forms of rent payment
We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo. What types of IRS/CPA approved payments are working well for rents to LLC entities to keep personal and business funds from co-mingling?