I have heard it is necessary for any money transferred into an LLC for start up costs has to be a loan. Does that mean I can't just put my own money into it?
Sure you can. you just need to have your accountant list it either as a loan or as an "equity contribution". Any standard accountant should be able to help you with this.
Yes, even an experienced bookkeeper can designate the funds properly. If a loan, you will want to figure out terms of repayment and be sure to share with your Accountant or Bookkeeper when repaying it, so it designated correctly also.
8 months ago
3 months ago