Updated over 6 years ago on . Most recent reply
Expenses before LLC set up
I purchased a property April 1st of this year. The deal came quickly and I closed without having an LLC or an LLC bank account set up. I'm also in the process of filing a quitclaim deed to transfer title to the LLC (no issue here with mortgage). I had a bunch of stuff I needed to do for the house to get it rent ready. It all came out of my personal bank account/credit cards. I have about $10,000 in expenses that I want to move to the LLC. What do I need to do to do this? I now have my LLC set up as well as a business checking account. I want to make sure I don't make a mistake that will become a tax-issue.