We are a recently new LLC and while waiting for checks to show up for our LLC checking I need to pay for some expenses. Is it okay to pay these out of my personal checking? How can I count that amount paid as a contribution to the LLC?
posted
July 17, 20197:58 AM
last updated
July 17, 20197:58 AM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
Doesn't matter if it's a single member LLC. If there are members besides you, then it complicates accounting and you should pay the expenses from the llc account.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.