Re: Sole Proprietor to LLC Single Member Questions
Level 15

Business & farm

FYI ... be careful in your record keeping ... the business should have it's own bank account and any money you put into the business from your personal funds is NOT considered income to the business ... keep good records of any "funding" you put in  just in case you are audited and have to prove the deposits were not  income to the business ... keep a paper trail of some kind. 

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