Updated about 7 years ago on . Most recent reply

Run rent money through LLC bank account?
Hi all!
We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need to run the rent money through my LLC bank account before I transfer it to my personal account or can I transfer straight from Venmo to my personal without it ever touching the LLC bank account?
Thanks for your help!