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Updated over 3 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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LLC start up costs--reimburse?

Bienes Raices
  • Orlando, FL
Posted

I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?

For example, the formation company offered a discount for buying multiple years of registered agent service, which I paid for with a credit card that's in my own name. Since this was done before the LLC existed, can I just leave it as is, or does the LLC need to reimburse me for that expense? Thanks.

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

I'm not a CPA, but I'd guess that there is no requirement for the business to repay you for formation costs and that by not repaying yourself, you're not at risk of commingling. That said, if you want to get repaid, treat it as a loan, and repay the loan to yourself from company funds (well documented, of course).

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