Updated about 5 years ago on . Most recent reply
LLC Transactions- How to keep it simple- Accounting
So I have a parent PXX LLC in WY and then child A1 LLC, A2 LLC, A3 LLC in Texas. Each child LLC has one property. All lease are signed under A1, A2, A3 llc with tenant.
Now for the rent collection, expenses paid etc, can I just deposit all transactions under Pxx LLC? Or do I have deposit checks for property A1 LLC under A1 LLC bank, and A2 LLC under A2 LLC Bank accounts?
I am trying to keep things simple. How are you guys setup?