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Updated over 4 years ago on . Most recent reply

User Stats

16
Posts
4
Votes
Norman Berman
4
Votes |
16
Posts

Seasoning funds for a new LLC

Norman Berman
Posted

Hi folks,

I'm registering a new LLC with which to invest in new properties. My estate will be the 100% sole owner.

Currently, my investment capital is sitting in my personal accounts.

In order for the LLC to purchase and hold title, does the capital need to season first in the LLC's bank account? That would suck, because it'll put the brakes on my ability to find a property for a few months.

Thanks!

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