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Updated about 1 year ago,

User Stats

229
Posts
83
Votes
Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
83
Votes |
229
Posts

Funding LLC Starting Out

Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
Posted

This seems like a very newbie question. How do you begin funding an LLC? Do I go into my local bank and let them know that I am looking to open a business checking and/or savings account under my LLC? Once in, do I need to bring a cashier's check or the like to deposit into the account as seed capital? What documentation do I need to bring to open? I am currently under contract on a house through my LLC and need to pay an assignment fee in a couple of weeks ($10k) at closing. I have it ready to go from my personal bank account to transfer.

I'm used to purchasing property under my name, but now this will be my first in an LLC, and want to make sure I am starting correctly.

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