Aplchian New member Oct 18, 2008 339 12 0 MTP Nov 12, 2008 #1 Does making a LLC bank account at the same bank where i hold my personal bank account lessen the liabilty coverage?
Does making a LLC bank account at the same bank where i hold my personal bank account lessen the liabilty coverage?
-Bill- Earth Emperor Feb 29, 2008 509 3 0 C'dale Nov 12, 2008 #2 No, if you create the bank account using the EIN assigned to the LLC. Financial institutions insure each depositor, your business entity qualifies as a separate depositor from your personal account.
No, if you create the bank account using the EIN assigned to the LLC. Financial institutions insure each depositor, your business entity qualifies as a separate depositor from your personal account.
