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Updated over 2 years ago on . Most recent reply

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Zach Herbert-Burns
  • Investor
  • Alabama
0
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5
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How much money can I transfer to my LLC legally?

Zach Herbert-Burns
  • Investor
  • Alabama
Posted

Hi all, I am trying to open up an LLC for my first RE deal and I want to put cash into the LLC's account, once I've opened it without any taxation. Is there a limit to how much I can transfer to the LLC's account without being taxed? Does it follow the same personal gift tax guidelines? I have about $100,000 dollars that I want to put into my LLC to get it off the ground, but I'm worried about tax implications. I know that I can gift any one up to $16,000 without taxation - does this fall under the same guidelines?

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27
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16
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Nick Hiersche
  • Lender
  • Miami, FL
16
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27
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Nick Hiersche
  • Lender
  • Miami, FL
Replied

No limits really but you should already have a tax pro helping set it up for you! Typically you will get benefits if structured properly!

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