Rental Property Accounting & Bookkeeping 101: Landlord's Guide
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𝐃𝐨𝐞𝐬 𝐘𝐨𝐮𝐫 𝐋𝐋𝐂 𝐍𝐞𝐞𝐝 𝐚 𝐁𝐚𝐧𝐤 𝐀𝐜𝐜𝐨𝐮𝐧𝐭? If you’re running an active business through your LLC? Yes — you absolutely need a separate bank account. 𝘉𝘶𝘵 𝘪𝘧 𝘺𝘰𝘶𝘳 𝘓𝘓𝘊 𝘰𝘯𝘭𝘺 𝘰𝘸𝘯𝘴 𝘳𝘦𝘯𝘵𝘢𝘭 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘢𝘯𝘥 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘢𝘯 𝘰𝘶𝘵-𝘰𝘧-𝘴𝘵𝘢𝘵𝘦 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘮𝘢𝘯𝘢𝘨𝘦𝘳 𝘩𝘢𝘯𝘥𝘭𝘪𝘯𝘨 𝘳𝘦𝘯𝘵? 𝐘𝐨𝐮 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐧𝐞𝐞𝐝 𝐚 𝐛𝐚𝐧𝐤 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐢𝐧 𝐭𝐡𝐚𝐭 𝐫𝐞𝐧𝐭𝐚𝐥 𝐋𝐋𝐂 𝐚𝐭 𝐚𝐥𝐥. 𝘏𝘦𝘳𝘦’𝘴 𝘸𝘩𝘦𝘳𝘦 𝘮𝘰𝘴𝘵 𝘪𝘯𝘷𝘦𝘴
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𝐃𝐨𝐞𝐬 𝐘𝐨𝐮𝐫 𝐋𝐋𝐂 𝐍𝐞𝐞𝐝 𝐚 𝐁𝐚𝐧𝐤 𝐀𝐜𝐜𝐨𝐮𝐧𝐭? If you’re running an active business through your LLC? Yes …
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