Tax, SDIRAs & Cost Segregation
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 12 months ago,
New LLC Questions
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.