Transferring money into a LLC
Hi everyone! I've been a long time lurker and first time poster. This question has been on my mind lately and I hope someone can help clear things up.
Let's say I have a LLC established and I want to transfer funds from my personal bank account to the LLC's bank account to buy properties. Funds from my personal bank account will be earned income from my job. Will I have to pay a gift tax if the amount exceed the allowable gift amount? Since a LLC is treated as a separate entity, how is transferring money in and out of a LLC viewed by the IRS?
Thanks! =)