#409 Open Forum Q & A | Your Tax and Legal Questions!
Main Street Business
00:00
Can I Create a New Series Account With No Property?
Ethan: To avoid keeping too much cash in anyone series, I want to open up a parent bank account that can dole out dollars to each individual account series is needed. Can I create one in the name of the overall entity that will be shielded from the liability of each series? Or should I make a new series account with no properties that I can keep cash in? Is it that I keep more cash in? No, no, no, don't set up a new series just for cash. Now New Mexico chimes in.
Transcript
Play full episode
