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Putting money in a business bank account SMLLC
Good day,
I am a photographer in Colorado. I started an SMLLC and never put in any start-up costs. I made enough money selling prints online but now need to add additional funds to my business's bank account. I want to be able to purchase supplies/use it for purchasing prints to sell and be able to write off the costs at the end of the year. I am assuming the best way to do this is via business equity. Is there anything special I should do when I put money in to make sure the government does not think it's profit from my business, and would this affect tax right-offs on schedule C in any way? Thank you
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March 26, 2023
6:06 PM