Skip to content
Texas Real Estate Q&A Discussion Forum

User Stats

29
Posts
7
Votes
Harry Nima Zegarra
  • New to Real Estate
  • PLANO, TX
7
Votes |
29
Posts

Banks accounts for Series LLC (series A, B, etc) in Dallas

Harry Nima Zegarra
  • New to Real Estate
  • PLANO, TX
Posted Jan 17 2020, 21:49

Hello guys,

New in Real Estate, started last year and opened a series LLC. Initially (as I am still learning about this) bought the property, got the Tax ID and opened the Bank account under the "mother LLC"... now I am planning to buy a second property and was trying to open bank accounts for Series A, B, etc (with it's respective Tax Ids)... it seems that most Banks don't do that; CHASE and Bank Of America said no immediately, Wells Fargo still reviewing my "articles of formation" I guess... I contacted IberiaBank and it seems they may be able to do it, although today they ask me more questions regarding the LLC and told me they will have an answer hopefully for Monday/Tuesday.... anyone has heard about Banks here in Dallas that offer these kind of accounts? Thanks!

Loading replies...