Question by  hsttraolcom (17)

How do you fund a personal llc?

I need to fund a personal llc.


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.


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.


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.


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.


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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