When funding your LLC it's important to have the correct documentation, This ensures your LLC is following the proper formalities and may benefit you tax wise (consult with a CPA/accountant)
You Need:
(1) Capital Contribution Agreement: This is the contract that states how much money you contributed to the LLC when you opened it or when you put money into you business and you don't need the business to pay you back.LLC
(2)Loan Agreement: This is the contract you use when documenting funds you put into your business after the LLC has been up & running.
These attorney drafted contracts will ensure the money you put into your business will not be deemed "income" and cause additional tax consequences.
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