Funding my LLC without piercing the veil of protection.

Tax, SDIRAs & Cost Segregation
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Funding my LLC without piercing the veil of protection.

Gary Baker
Investor · Keller, TX · Member since 2015 · 81 posts · 22 votes

I have a LLC for my newly acquired property, Closing is in a weeks time. I would like to ask if someone could point me towards how I should fund this LLC so that I don't 'pierce the veil' between my private funds that I will need to use to buy and rehab the property.

thanks in advance

(please excuse any slow responses from my end)

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Jon Pitcher
Property Manager · Oklahoma City, OK · Member since 2016 · 87 posts · 69 votes
9y

Write a check to your LLC. Account for it as a capital contribution in your company records. This does not create an "alter ego" problem.

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  • Jon Pitcher
    Property Manager · Oklahoma City, OK · Member since 2016 · 87 posts · 69 votes
    9y

    Write a check to your LLC. Account for it as a capital contribution in your company records. This does not create an "alter ego" problem.

    1Reply
  • Rick Johnson
    Burleson, TX · Member since 2016 · 13 posts · 5 votes
    9y

    Precisely!

    0Reply
  • Gary Baker
    OP
    Investor · Keller, TX · Member since 2015 · 81 posts · 22 votes
    9y

     Thanks Gents.  What I thought, just wanting to be safe

    0Reply
  • Filip Filmar
    Investor · San Francisco, CA · Member since 2017 · 24 posts · 2 votes
    7y

    Thanks for the answers here! May I ask a followup, even if belated by a year or so: what if the corporate structure is a bit more involved: LLC A owns LLC B, and I'd like to fund LLC B. Can, or should I (personally) write a check directly to LLC B?

    0Reply
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