Questions about my new LLC
All:
I have two active rental properties in my area, both are in my own name. Rehab starts on #3 this coming week. I recently formed a "Series LLC".
1) What is the process for transferring my properties to the LLC, Quit Claim Deed?
2) Is anyone familiar with the Series LLC and how does that affect 1)?
3) Do I need an EIN? Research on irs.gov so far does not make it clear.
4) Do I just go to the bank and tell them I want to create an account for the LLC? Referring to 3), do I need the EIN to open the bank account?
Sorry for such newbie questions, I have just done my flips and these couple of rentals under my name so far and need to make the transition.
Thanks