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Updated over 6 years ago on . Most recent reply presented by

Gary Baker's profile image
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Gary Baker
  • Investor
  • from Keller, Texas
  • Member since Jul 15, 2015
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Gary Baker's profile image
Gary Baker's profile image
Gary Baker
  • Investor
  • from Keller, Texas
  • Member since Jul 15, 2015
Connect
Gary Baker
  • Investor
  • Keller, TX
22
Votes |
81
Posts
Tax, SDIRAs & Cost Segregation

Funding my LLC without piercing the veil of protection.

Gary Baker
  • Investor
  • Keller, TX
Posted

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's profile image
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Jon Pitcher
  • Property Manager
  • from Oklahoma City, OK
  • Member since Apr 1, 2016
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Jon Pitcher's profile image
Jon Pitcher's profile image
Jon Pitcher
  • Property Manager
  • from Oklahoma City, OK
  • Member since Apr 1, 2016
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Jon Pitcher
  • Property Manager
  • Oklahoma City, OK
69
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87
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Jon Pitcher
  • Property Manager
  • Oklahoma City, OK
Replied

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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