Setting up an LLC question- Is there a recommended bank for maintaining the LLC account. (based out of San Jose)

We currently have First Tech or Fidelity.

like
Posting as :
works at
You are currently posting as works at

Go for credit union

Related Posts

Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

like

Abandoning Green Card
Has anybody experience in giving up the LPR status after leaving the US for work and residency in another country/homecountry? I come from a low tax country and wonder whether Uncle Sam will send a final tax bill or penalty fee or even make it difficult/impossible for me to abandon the GC once I will leave the US again. This is crucial for me to apply for the GC.

like

Roth vs Traditional 401k, thoughts?

like

Top 5 stocks for the next 10 years? TSLA, AMZN, AAPL, SQ, SPCE

like

Restarting my keto journey!! Lost about 5kg the first time I did it last year, then got lazy and fat and now want to lose 10kg!

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

Do you invest in commodities?

likesmart

Looking for names of some effective financial/investment planners. Any suggestions? Plz give only the ones u hv worked with or experienced!

like

Is anyone investing in liquid funds? How do they benefit and what are their returns?
Recommendations are welcome.

like

What do you guys think would classify as a good savings amount by the age of 30?

like

December 31, 3018
Bitcoin: 30,000
Ethereum: 2500
Litecoin: 1000
Bitcoin Cash: 12,000
Ripple: 12
Cardano: 7
Neo: 500
Eos: 120
Dash: 3000

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Diversification is for protecting the wealth but concentration is for creating. Agree or disagree?

like

I have a car insurance question...can you put a different address than you live at when signing up for insurance? My wife’s family lives in Orange County so wanted to sign up with her OC address and save almost $300-$400. Any feedback is appreciated!

like

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

Fishbowl family… any UBS financial advisor training program here? What is the total expected income? My friend was offered 55k as base plus bonus…

likefunny

For those of you who got out at 10, do you wish that you rode it out to 20? I’m at a crossroad and I’m not sure what to do. Have some active/reserve time, wrapping up graduate school, and am now considering either a) come back to the business world or b) go active and retire before 50 and live off a nice pension. Obviously there are draws to both. I’m an officer for what it’s worth so I can realistically retire at O-5, MAYBE O-6.

likesmarthelpful

Talk me out of (or into!) buying a 2000 M Roadster. $14.5k, 111k miles. Mechanically sound with records, cosmetically nothing I can’t repair/replace.

like

Hi, How much can be saved for a family of 3(Me,Wife and a 3yr old) with 3.3K euro in hand. I am ok with putting my kid in a Dutch school but is there an disadvantage to him if we are moving back to India after 3yrs? Since books here will be in English.TIA

More Posts

Every night for like the past month I’ve been getting incredibly emotional about adulthood. I miss the lack of responsibility, the simplicity of life, friends were always around, and less pressure to be successful.

I’m 3 years out of college now so it’s not like I just started doing this stuff, but I am feeling the exact same feeling as I did when I first started work and just wanted to be back in college. I know I just need to grow up and accept that’s how life is but it’s incredibly upsetting

like

Amazon I have an interview tomorrow for the role of Training Manager- Last Mile Delivery Tech. Can someone help me to prepare for it? What kind of questions do they ask? Please share your experiences if anyone has appeared for the interview for same kind of role recently. HR informed me that there will be 5 rounds in total.

like

Currently C level (target promo next summer). Been mostly on finance transformation projects. Worked in strategic finance before that at a f500 healthcare company.
What roles/levels would I be a good candidate for at FAANG/Microsoft/other Big Tech?
No hard technical skills (outside of financial modeling).
I’m also studying for GMAT as t15 MBA is a consideration right now, so I could also try to make the switch after that.

like

I’m a year into my current role and am seeking help finding PM Resources. I am taking over PM duties and systems here and we simply lack a system

Any suggestions or cost friendly software you all use ? Our setup is on average 100 customer facing projects, 3 certification engineers - projects range vastly in duration and costs but I need some sort of system to better manage them

What disciplinary action can CG take if anyone abscond within 15 days of joining?

What is one of the most frustrating parts of being a scientist or researcher?

I'll tell you what it is: referencing!

You have to do so much of it, and it's so annoying. You have to cite your sources, but there are so many different formats for citations! And then sometimes you don't even know how to cite something, and how are you supposed to know that unless you ask someone who knows? And even then, they might not be sure whether it should be an in-text citation or a footnote…

like

Public and private accountants: what is the most difficult interview question you’ve ever gotten?

like

Whenever i have a big deadline, my body goes into a panic mode where my energy immediately goes to figuring out how I’ll get something done well and on time. Outwardly, I don’t seem stressed so no one notices but actually I usually feel like I have a cold: fatigue, headache, sore throat, sinus infection. When a task is done, i stop feeling like crap. It’s been like this since law school. Any tips on managing stress or moving towards doing good work without my body shutting down lol?

like

Hi fishes anyone please inform me about opening vacancy My current position cisco is Sales operations Engineer but term got end, please help me with opportunity

like

Why is there so much shame associated with getting enough sleep? It seems like people wear a badge of honor based on how little they sleep (except for new parents). People lie all the time too

likeuplifting
like

Need 11 likes to unlock DM

Thanks 🙏

like

The only qualifier to becoming an industry legend should be whether or not you’ve worked with Sam Elliot. Nay, his mustache. Prove me wrong.

likefunny

As homicide detectives, what has been the worst experience you have had?

like

So embarrassed. I literally had one job to do today which was to schedule a client and give and take her paperwork when she came in. Totally called her by the wrong name today AND gave her the wrong paperwork. She was really nice about it but I feel like my boss was disappointed and I'm disappointed in myself. I don't want her to think I won't be able to keep clients straight when I start doing supervised sessions.

like

Any idea what areas/roles will experience the most growth in relation to hiring based on the recent announcement?

like

Moving to industry and trying to decide start date. Would I still be eligible for the performance bonus if I put in my two weeks notice a week before receiving the bonus?

like

New to LA... what’s the best places to meet people? I live in downtown

Hi Fishes,
This is on behalf of a friend .Can someone please put on some light on the below query ?
Company :
Morgan Stanley
Designation : Associate - Global
Role : Compliance Technology Strategy
Division : Legal and Compliance
How is this position for a BE+ MBA , total 3+ years of IT experience in top MNC.What would be the expected CTC and next hierarchy designation ( after a promotion ) ? Morgan Stanley

like

Hi All
Can anyone refer me. I have 2.4 years of experience in both manual and automation testing.
Thank you

Additional Posts in The Real Estate Bowl

If anyone has problems with leaks or anything facade related I work in facade restoration, preservation, rehabilitation, retrofitting in NYC. I’d be happy to discuss potential solutions.

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

Thoughts on buying pre-construction homes in markets that are popping and flipping selling them when construction is complete?

My uncle does this (he’s a realtor) and usually gets 2-3x return. Obviously there is huge risk because property prices can change a lot in 1-2 years, but at the same time the upside is hard to ignore.

Anyway I protect myself against the downside risk? (other than loosing my down payment)

like

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

like

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

If I’m a Real Estate Agent buying my own property, can I negotiate the Buyers Agent commission to be 0% instead of being paid the buyers commission? Essentially converting what would be Income into Cost Savings for tax purposes?

like

Can I get a commercial loan without 25% down?

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Went into a multi family property 50/50 with a relative against my gut. Things are going horrible. Need to get out. Best options? Buy him out? He invested maybe 4-5K in time (demolition work) and 2K in cash. I’ve managed the whole thing for 9 months. 10% of gross rents (as a management fee) would be about the same (6-7K)). Bought at low in market just after COVID hit. I want to keep the building. Seems fair to give him his initial investment back + some additional money for market gains. Help!

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

Got an agent and she was useless for finding good tenants. Got frustrated and finally started finding leads myself and closing on one soon. I have signed a contract with the agent for paying one months rent as fee. How can i fight this or as he has been literally of zero value add? I will ofcourse ask nicely but wanted to see if i have any other options!

like

(1/2) People who work in the Bay Arae peninsula (Menlo Park) and live in the east bay- which is a good place to buy a house, upcoming, easy to rent or Airbnb in case I have to move back to my country! Prefer single family home as young as possible.
1- brentwood
2- Pleasanton
3- Dublin (expensive)
4- San Ramon (very expensive)
5- what else?

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal