Expanses of my LLC
Hey guys
I have business here in California that I have most of my money over there sitting in the bank account (this business not related to real estate investment)
It’s my work and day day job
I opened LLC in texas , and opened few days ago bank account for that
I transferred from the California account all the down payments and closing to title company. And I wired it to them.
Current I’m in remodel of two properties. In texas
I wanted to ask , should I transfer money to my LLC and use all expanses and payments to the contractors & all related to that from there ? reason I'm asking because the lender reimburse me 100% of remodel and the money should go back to account I used for title company.
But if I use my expanses in my LLC should I reimburse it to the LLC or to the account I have in California (the account I did so far all transactions)
I didn't have yet bank account for my LLC that's why I used it from my California business account.