Trying to figure out the ins-and-outs for properly managing my new LLC. My question relates to the products I am selling, and how to move those from personal property to my LLC business. For instance, say I have a comic book in my personal collection that I bought for $10 ten years ago (no record or receipt for it now), that is now worth $100. So, say I want to sell it through my LLC on Ebay. How do i handle that? Do I sell it from myself to the LLC for $10? or for $100? Do I give myself a receipt from the LLC, and do I actually transfer money from the LLC to my personal account? What's the best way to keep the taxes the lowest?
Thanks!
