#394 Asset Protection Level 2 - LLCs & More
Main Street Business
00:00
What You Need to Do Once the L C Is Set Up
You need a bank checking account in the l c's name. Use this ossom for asset protection. If you want to go to court, if get sued and say, hey, you can't come after my personal assets. You'd better have a separate bank account. The property better be deeded into it. The lease with the tenant better be in the name of the l c as landlord,. Not between you and the tenant personally. Always use a different bank account for your l cs. A lot of people ask will ok, so you don't commingle. Well, isn't that mingling? No, that's not commingling. It's allso great for
Transcript
Play full episode
