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?
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- 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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