Hello,
I just recently opened a SMLLC for my motorcycle racing team. One of my sponsors is providing me with a cash sponsorship this season. They sent me a wire transfer to my personal bank account. I plan to open a business bank account this week for the LLC but I needed to pay an invoice this week for expenses related to the race season, so I paid that invoice out of my personal bank account using the sponsor funds.
Will this be an issue that I already spent some of the funds before opening and depositing into the business account?
Thanks in advance!
