Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply
How to fund a new LLC the "proper way"
Good evening BP,
I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" account over to the LLC now that I have completed my quitclaim deeds on the properties. Can I simply transfer money from my personal accounts over to the LLC or is there a more formal/official method of doing this? I'm meeting with a CPA in 2 weeks, but I'm trying to stay ahead as much as possible.
Thanks in advance!