I have several LLCs where each one holds one individual property. All of the LLCs have their own EIN and separate bank account. In order to pay for certain expenses by credit card, can I use one LLC's credit card to pay for expenses related to the other LLC's and then simply pay it back via a distribution?
If you do that I probably wouldn’t even bother with llc’s. If it’s worth suing it’s worth piercing the corporate veil. Just put them back in your name and buy an umbrella policy, whic you should have already anyway. You are 10x more likely to get sued personally that the property is. In which case the llc’s won’t help.
@Pedro Morais create an "operating company" LLC. The operating company doesn't own any properties but pays all expenses.