Now, what about the intial investment into the LLC or Corporation?
That has to go from your personal funds into an account for the entity. How is that handled?
In this audio snippet, you'll hear about:
- Could be as simple as writing a check or transferring funds
Audio Transcript
Travis:
That makes sense.
Now
what about the initial investment into the LLC or corporation? That has
to go from your personal funds into an account for the entity.
Yosef:
That's correct.
Travis:
How is that handled?
Yosef:
Depending on how many investors there are, how many members or partners there may be...
Travis:
Mm–hmm.
Yosef:
...or shareholders, pretty much it could be as simple as writing a
check or transferring funds. And that's for the S–Corporation.
Travis:
OK. Excellent, excellent.
Yosef:
Now that in and of itself may not have a tax consequence until the money's actually spent.
Travis:
OK.
Yosef:
Again, it's going to depend on the kind of entity that's being structured and other factors as well.
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