Funding my LLC, need advice.

[Jason D.]

I know I should probably consult a CPA on this but I'm sure there are a few that can share their experiences. I have a newly formed LLC that I will be using to hold my rental properties. Since I want to keep my business and personal bank accounts separate, I opened business accounts for the LLC. Of course I have to initially fund the LLC with personal funds and plan on depositing a decent some of money ($20-30k) from a personal account into the business account so that all business transactions go through the business accounts. Are there any precautions I should take before doing this? Are there tax implications? My wife and I are 50-50 partners in the LLC if that changes anything. Thanks for your input!

[Taylor Brugna]

Jason DiClemente It's important to keep personal expenses out of the LLC, but to fund it you can just write the LLC a check, no big deal. There are no tax implications of doing so. An LLC is a pass through entity, meaning that all of the income/expenses and resulting tax will flow to your personal return.