Where To Set Up A Bank Account For Your Out Of State LLC

Summary

This video addresses a common issue for real estate investors: where to set up a bank account for an out-of-state LLC. Attorney Clint Coons debunks the myth that the bank must be in the LLC's state of registration, confirming you can bank locally in your home state. He outlines two primary methods: using a simple online-only bank, or approaching a local branch of a national bank. For the latter, he stresses the importance of speaking only with a "Business Banker" and provides the exact phrasing needed to overcome the common hurdle of the bank requiring a local address for the account.