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Updated almost 3 years ago on . Most recent reply

User Stats

74
Posts
43
Votes
George Lods
  • Roseville Ca
43
Votes |
74
Posts

Right vs wrong way to fund LLC Capital?

George Lods
  • Roseville Ca
Posted

Hi everyone and Happy New Year! Hoping someone can enlighten me to the right way to handle this. If we use a Heloc from our primary residence to periodically fund capital in an LLC account and then pay that money back to our personal Heloc account is there a right and wrong way to do this? We will have a separate bank account for the LLC. As long as we have good record keeping and some kind of documented agreement is it kosher? Wondering if there is anything special we have to do for tax/IRS purposes? This is a great question for a CPA I know, but despite x attempts for the last 2 wks I can't get booked for a consultation, guessing bc of tax season.

Thanks for any feedback! 

  • George Lods
  • Most Popular Reply

    User Stats

    74
    Posts
    43
    Votes
    George Lods
    • Roseville Ca
    43
    Votes |
    74
    Posts
    George Lods
    • Roseville Ca
    Replied

    @Michael Jacobs thanks for confirming my thoughts! 

  • George Lods
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