Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago,

User Stats

18
Posts
12
Votes
Austin Latty
Pro Member
  • Elizabeth City, NC
12
Votes |
18
Posts

New LLC Questions

Austin Latty
Pro Member
  • Elizabeth City, NC
Posted

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.

  • Austin Latty
  • Loading replies...