money






 

Question by  hsttraolcom (17)

How do you fund a personal llc?

I need to fund a personal llc.

 
+7

Answer by  turkinforalivin (1279)

Funding can be obtained through a variety of methods. If you don't have any personal capital to invest, you can seek outside investors, hold fundraisers, or work towards saving enough money to fund your LLC.

 
+6

Answer by  LadyB (6)

I would consider loans and contributions because it's not classified as income. I would also keep in mind that loans are a form of debt that must be paid back.

 
+6

Answer by  MPyles (201)

There is no special way to fund a llc. The best way to do it is to write you business a check from your personal account if your are the one funding it. Make sure you put in the memo initial funding, and write it in the books as so.

 
+6

Answer by  maber (1427)

After the company has been formed and licensed, then you can apply for venture capital from people so that you can fund the LLC.

 
+5

Answer by  JB19 (167)

Write a check from your personal bank account to your LLC bank account. This money is counted as your original investment which QuickBooks or similar should classify as Owner's Equity.

 
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