Question: I am buying an apartment building and want to know how to set it up as a business separate from my personal? I am pensioned, so I don't want to go through my personal bank account for the apartment building that I am purchasing.  I live in the building.  How can I set it up as a busines?

Answer: Talk to your banker and get a new checking account with the name or address of the property. DO NOT CO-MINGLE funds. \n\nFind a good real estate lawyer (just in case) and get information from your local and/or state government offices for specifics you need to know about. \n\nThis is way too complex for just a note---see link for some helpful information. \n\nAll the best!
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