Can I transfer funds from my LLC into my personal account?


If I am a joint owner in an LLC, can I transfer funds to my personal account. The LLC was under my husband's name when filed for the state number.

LLC Legal Personal Accounting

asked Jun 16 '15 at 15:55
Andra Moss
6 points

1 Answer

If you are on the account, most likely, yes. An accountant can specifically advise. Usually it's no problem and when you do your books/taxes it is simply tallied towards your W2 wages that your LLC pays yourself (or K1 distributions). Either way it is income. All the same as whether it was a check or simply transferred. No difference.
answered Jun 16 '15 at 16:21

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LLC Legal Personal Accounting