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Updated almost 6 years ago on . Most recent reply

User Stats

66
Posts
41
Votes
Trace P.
  • Investor
  • OH
41
Votes |
66
Posts

Source of funds to LLC Bank Account

Trace P.
  • Investor
  • OH
Posted

Hi BP friends,

I have recently set up my single member LLC and opened a LLC bank account. I have questions with regards to funding my LLC Bank account. I have some cash in my personal bank account and some cash from my stock brokerage account. Can I wire/transfer funds from both my personal bank account AND my stock brokerage account and consider BOTH of them my CAPITAL CONTRIBUTION, or must I transfer the cash from my stock brokerage account into my personal bank account, AND THEN transfer it into the LLC Bank account?

I understand that I am suppose to consult an attorney but I would like to get a better grasp of the situation before shooting my attorney the questions.

Thank you!

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