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Sunil Kapoor
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Bank accounts and email addresses with Multiple LLCs

Sunil Kapoor
Posted

Hi All,

I currently have 3 LLCs managing my properties, and those 3 LLCs roll up into a "holding entity" LLC, taking my LLCs to 4 in total.

I understand that I need 4 separate bank accounts to prevent co-mingling of funds, but in addition each of the LLCs is communicating the property managers/mortgage companies/etc.  

Therefore, should I also have 4 separate email addresses that each LLC uses to communicate to the various property managers/mortage companies/banks/etc?

That seems like overkill, but just want to check

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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

Therefore, should I also have 4 separate email addresses that each LLC uses to communicate to the various property managers/mortage companies/banks/etc?

You're overthinking this...just use one email.

The Coca-Cola Company has dozens, if not hundreds, of subsidiaries.  How many email addresses do you think the CEO has?

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