Can I deposit money into my LLC for start up costs or does it have to be a "loan"


1

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?

LLC Legal Accounting

asked Aug 6 '16 at 18:14
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Kelli Mcmullen
6 points

2 Answers


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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.

answered Aug 24 '16 at 23:02
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Namit Bhatia
21 points

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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.

answered Dec 15 '16 at 16:07
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Tammy Durden
1 point

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LLC Legal Accounting