Maybe somebody can answer a couple questions regarding FDIC insurance on bank accounts. 1. Are bank accounts held by an LLC or S Corp insured in the same manner as personal accounts? 2. If you open multiple accounts (personal) in the same bank and put $100K in each account: are you protected for 100K total or the total in each account? Thanks in advance.
Check on this at www.fdic.gov. I think the answer is 1) yes and 2) no. They add together all of the accounts registered in the same name for purposes of the $100k limit.