Moving money to another LLC for startup

[Mike Cumbie]

Hello,

There are 2 LLC's. The first one does Fix and flips and has some money in an account (we can call it fixnflip LLC) that the members would like to put into another LLC. The other LLC has a different business model owning a commercial building (Lets call it Commercial building LLC). The members could take the money out as income and then invest in the new LLC. But with income taxes I don't think it's the best option.

Does anyone know the best way to accomplish this with a minimum tax hit, while of course maintaining the "no funds commingling" for asset protection?

Thank you