Thoughts on Funneling Money into LLC Bank Account???

[Scott Meers]

Hello all,

Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.

No tenants yet. I am going to hold the building for about 2-3 months to do some sweat-equity restoration prior to renting. My question surrounds the closing check and the monies (capitalization) used in the rehab. At what point do I need to start shoveling money from my personal account to an LLC bank account? Can I wire the funds for closing directly from my personal bank account, or do I need to hurry and get a LLC account set up, and perform the extra step of transferring money to the LLC account before spending anything on the property? I was hoping that I could just run the money out of my personal account, until I officially switch gears and go into "Landlord Mode" in a couple of months, but do not want to do something that will pierce the veil, discounting all the effort of setting up the LLC in the first place? Any thoughts / comments are encouraged. Thanks for helping a "Newbe"!!!

Best to all, Scott