Legal Entities

Legal Entities & Trust Accounting

Maintain separate financial records for each LLC or legal entity to prevent commingling of funds and simplify tax filing across complex holdings.

No legal entities yet. Create entities for each LLC that holds property — this enables entity-level financial separation and trust account tracking for compliance.

Why entity separation matters: Commingling funds across LLCs can pierce the corporate veil and eliminate liability protection. Tag each property to its owning entity, use separate trust accounts where required, and generate owner statements per entity for clean tax filing.

Guided walkthrough1 / 10
STEP 1Dashboard → New property

Intake a property

  • •On the Dashboard, click “New property” and enter the name, address, type and client reference.
  • •Save it — a property card appears in the list.
  • •Click the card to open its workspace. Everything from here on happens inside that property.