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Updated over 6 years ago on .

User Stats

82
Posts
23
Votes
Navid A.
  • Rental Property Investor
  • Fayetteville, NC
23
Votes |
82
Posts

How to fund my new LLC

Navid A.
  • Rental Property Investor
  • Fayetteville, NC
Posted

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!

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