Intercompany Due-To/Due-From Accounting for Multi-LLC Hotel Portfolios

Most multi-property hotel portfolios are not structured as one legal entity. They are structured as a separate LLC per property, sometimes with a management company entity layered on top, for liability isolation and financing reasons. That structure is standard and usually correct, right up until Property A’s front desk pays a shared vendor invoice that […] The post Intercompany Due-To/Due-From Accounting for Multi-LLC Hotel Portfolios appeared first on Docyt .