Loaning money to my LLC?

[Amanda G.]

I purchased my first rental property and assigned it to my new LLC. The LLC is a single proprietor entity. The property needs a few repairs and money set aside for the current tenants' safety deposits. Is it appropriate for me to "loan" the LLC some cash for these things that can be paid back from the rental income? Any tricks to this process I should consider?

[Brandon Hall]

@Donald S. replying because that was great!

Easiest thing to do is just book the cash transfer into the LLC as a "member contribution." However, from a liability perspective, there is something to be said for loaning funds to the entity and instead booking them as a "loan from partners" but I'm not an attorney and can't speak to that point. I'm not sure how the loan affects you from a liability perspective with a SMLLC.