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Updated 9 months ago on . Most recent reply

User Stats

21
Posts
9
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Jorge Esteban Vargas
  • Marietta, GA
9
Votes |
21
Posts

Opening Business Checking for new LLC

Jorge Esteban Vargas
  • Marietta, GA
Posted

Hi everyone. I'm trying to buy, fix, and rent real estate and created an LLC with my partner who is putting up most of the capital but he will not handle operations at all. In fact, he won't do anything but provide capital and we have a business deal where he'll make about 70% of the profits and I keep 30%. My question to everyone is how do I open a business checking account without my partner being involved? I spoke with a banker today and they need him to apply in person to open an account because he's 70% owner. However, the reason why my partner is only putting the money is because he's constantly traveling 80% of his time and he lives in a different state than I do. We also have an operating agreement that states that I will be handling the daily operations and I'm basically in charge of the whole business. Does anybody know any banks that would be easy to open a business checking account without my partner's physical presence?

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