I would then like to know also how direct contributions of capital is done, and whether this is preferable to taking a loan from oneself. Are there any pros and cons to it?
You write a check from...
Type: Posts; User: tallen; Keyword(s):
You write a check from your personal bank account...
I would then like to know also how direct contributions of capital is done, and whether this is preferable to taking a loan from oneself. Are there any pros and cons to it?
You write a check from...
Yes, it is possible. Write up a loan agreement...
Yes, it is possible. Write up a loan agreement between your person and your LLC that includes a re-payment schedule, make sure that the LLC is paying you a reasonable interest rate on the loan, but...