How to fund my new LLC
Good evening BP,
I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" account over to the LLC now that I have completed my quitclaim deeds on the properties. Can I simply transfer money from my personal accounts over to the LLC or is there a more formal/official method of doing this? I'm meeting with a CPA in 2 weeks, but I'm trying to stay ahead as much as possible.
Thanks in advance!