New LLC Questions

[Austin Latty]

Hello BP,

I am a new investor and just recently went under contract for my first flip property. I set up an LLC, and it will be buying the property. I also just opened up a business bank account. I have about 35k in my personal checking account that I would like to move to the business account for initial funding, What is the best way to do this without piercing the corporate veil? Can I just write a check to the LLC and it be an owner contribution?

Also I am looking for a tax professional in NC as this is all new to me.  I am a w2 employee who makes about 60-70k per year and have always just used TurboTax in the past.  Any recommendations you have are greatly appreciated.  Have a great day.

[Sean O'Keefe]

@Austin Latty most real estate investors that flip properties use an S-Corp. It has something to do with reducing self-employment taxes. I know a CPA based in NC that I can introduce you to, but to be clear I don't think the location of the CPA necessarily matters provided they have the right software and tools to collaborate remotely.