I Will give as much details as i can, and this may not even be the best spot to post this question but i find it hard to find info on this. So i have been selling TCG products for the better part of 10 years as a hobby for the most part, never making more than 10k a year, but i decided to make an LLC recently and want to give the LLC most of what i have in my personal inventory. How do i go about doing this? I make a sheet with all the inventory on it, maybe how much i paid and/or the current market value of said inventory. than what? do i need to fill out some kind of form saying i gave this to the LLC, or can i just give it to the LLC and when tax season comes just have it as a note that i got this inventory from myself at this cost.
