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Updated about 9 years ago on . Most recent reply presented by

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James Masotti
  • Rental Property Investor
  • Washington Township, NJ
976
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1,413
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Paying off personal contributions with business proceeds

James Masotti
  • Rental Property Investor
  • Washington Township, NJ
Posted

So I'm just getting started with doing buy and hold under my LLC. My first deal didn't go nearly as well as expected, so I still have quite a bit of my own personal funds in the deal as well as outstanding balance on a business credit card I set up when I formed the LLC. In order to make sure I keep the protections of the LLC in place, what are my best options for paying this credit card debt back and recovering my initial investment?

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