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Updated 3 months ago on . Most recent reply

Jessica Howell's profile image
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Jessica Howell
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Tax, SDIRAs & Cost Segregation

Funding LLC's, deposits and draws

Jessica Howell
Posted

Hi everyone,

I will have 2 LLC's shortly. How can I go about transferring emergency funds between the LLC's as needed? What about depositing personal money into an LLC or drawing money from an LLC to put in a personal account?

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Chris Seveney
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@Jessica Howell

Why do you need two LLC's?

Any transfers should be made through the owner of the LLC and not another LLC

So you make a capital contribution or capital withdrawal. That is how we typically do it

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