How to loan LLC money
I am the sole member of an LLC. I capitalized the LLC with 1K several years ago and only have $400 left in the bank account. I would like to loan the LLC another $600 while I try to get the LLC up and running.
Could I create a promissory note, charging yearly interest, and demand a one time time balloon payment at the end of the loan in say 2031? I would rather not have to remember to pay installments every year.
Once I start earning money, I will hire an attorney...right now my company is super tiny.