Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

198
Posts
25
Votes
Rick L.
  • Investor
  • Saint Louis, MO
25
Votes |
198
Posts

Multiple LLC's, Do you have multiple business Credit Cards?

Rick L.
  • Investor
  • Saint Louis, MO
Posted

I'm interested to know what other's are doing with multiple rental property LLC's and their credit cards. I have three rental property LLC's, but currently only have one credit for one of the LLC's. I'm really not a fan of opening multiple lines of credit and/or having multiple credit cards for each LLC.

Most Popular Reply

User Stats

26
Posts
28
Votes
John Logue
  • Investor
  • Fairfax Station, VA
28
Votes |
26
Posts
John Logue
  • Investor
  • Fairfax Station, VA
Replied

I have separate bank accounts and credit cards for each LLC. My lawyer told me something that has always stuck with me. "In the future, when you are defending a lawsuit against your LLC, the courts will treat the LLC as a separate entity as seriously as you did"

It makes decisions like this easier for me!

Loading replies...