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Updated over 7 years ago,

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1
Posts
0
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Alyson Wolfe
  • Investor
  • Rancho Cucamonga, CA
0
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1
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Transferring money into and out of an LLC bank account

Alyson Wolfe
  • Investor
  • Rancho Cucamonga, CA
Posted

Hi- 

I have recently formed an LLC with my partner at the request of a hard money lender in order to get a loan, they also want to see my personal funds in an account under the LLC. If I transfer my personal funds into the LLC account for verification of funds and then back into my personal account right away-are there tax ramifications to doing this??

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