Can individual contributions be paid back to the members tax free? I’ve invested 6k into my LLC at the beginning and was wondering if I could be paid back?
If the LLC is a single member LLC for asset protection on a single property, is the property the "capital Contribution" for the operating agreement, and if so do you list the property as the contribution or the estimated value of the property
![KSI - Dirty [Official Visualiser]](http://i.ytimg.com/vi/VoDh1h1dPUE/mqdefault.jpg)
Can individual contributions be paid back to the members tax free? I’ve invested 6k into my LLC at the beginning and was wondering if I could be paid back?
If the LLC is a single member LLC for asset protection on a single property, is the property the "capital Contribution" for the operating agreement, and if so do you list the property as the contribution or the estimated value of the property
good question
If I make a contribution to my LLC at conception, can I deduct that amount of that contribution on my personal taxes?
Very helpful! Thank you!
I’m glad I was able to help!