How Do I Contribute Money to My LLC? - All Up In Yo' Business
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- čas přidán 6. 09. 2024
- If you are starting a single-member LLC, or a multi-member LLC, there are two ways that you can give money to your LLC to use your own personal assets to capitalize your business:
1. As a member contribution.
2. As a loan.
Whether to call a contribution in a single-member LLC a member contribution or a loan is really a personal choice. But if you do decide to call it a loan, it is very very important that you actually treat it as a loan from you to your business. This means drafting and abiding by a promissory note setting for the terms of the loan, the interest rate, repayment terms, etc. You would have to sign that promissory note twice: personally as the lender, and in your capacity as the business owner and the borrower. You also cannot put higher priority on your own loan if the business has other debts. In a nutshell, if you want to make a loan to your single-member LLC, the most important thing is to remember that you personally are loaning money to a separate business entity. It is a real loan to a business, and it has to be treated as such.
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#AllUpInYoBiz
I know this is old but you are very helpful and quite easy to understand and pleasant to watch. Graphics are phenomenal, my mind is still blown LOL
Love that you're teaching me like I'm 5 years old lol It's actually pretty helpful
Hahaha 😂
Yessss. We need it broke down
One of my teacher once told me, “if you’re confused about something go on the internet typed what you are confused about and type for kids”
@@Sr_iRL Sounds like a wise person
Hope you learned at least at that level !!!
I LOVE LOVE LOVE your teaching style and your personality! The graphics are just very clear to understand. I hope you aren't breaking the bank creating them! haha In all honestly, I appreciate your videos in so many levels. My fiancee and I are starting our own business and your videos are giving us plenty of information that will help us ask specific questions to our attorney. I know that not everyone can afford to pay legal counsel or a CPA when starting a business. However, your videos give a clear understanding and help us conduct business with informed decisions. Again, thank you!
I swear, I could watch and listen to Aiden all day. She is so smart and thorough.
so knowledgeable
I love ❤️ her 😍 she is sooooo helpful one of the few people on CZcams that actually gives you useful practical information. 🔥🔥🔥🔥🔥💯
You are a blessing. Thank you for the videos. God Bless!
great videos!
She totally is! 💖
also the high-end graphics were worth every penny!
THANK you! Glad they're being appreciated. :-)
graphics were great! haha
Hope you wrote off the expenses for the Graphics Artist. 😉😉
Clutch. I've been looking for "personally buying things for the business" answer fo hours. Thank you
You make learning about boring stuff really fun! lol thank you
Me and my roomate just started a 2 member llc and have been making loans to it in order to have spendable capital. This was a great vid :) thanks
Thank you for making me less ignorant about all this. And the graphics were a visual bliss,
I just stumbled across your videos today. ..you are literally amazing!!! thank you so much for sharing...you are very. ..informative. ..funny and witty...I will watch them all over again tomorrow lol...also I love how your hair grew in your more recent videos...stay beautiful (inside and out) thanks again...
Aww...🙂Ditto!
May God bless you and your business 1000 fold. You really helping a lot people
Okay...I almost spit out my water with the graphic LMBO...that was absolutely awesome! I just found your channel...love your content and delivery! Thank you for sharing your experience and expertise. New subee :~)
I have searched the interwebs and there is barely any content on this subject. Yet it is important for self funded businesses. Thank you. May I request you make an updated video.
Adorable!!! And exactly what I was looking for, to a T. Thanks Aiden!
This woman is sumn else...minds blown!!!! Graphics!!!! Too funny very nice video
Love her advice one of the few people that actually gives useful and practical information. 🙏🏾💪🏾✅
How incredibly helpful your video is. I enjoyed it and learned from it. I transferred $100 from my personal BOA Checking to my business LLC Checking.
When I tell you I love those expensive graphics!! Those graphics won me over to subscribe! We must have the same graphic designer lol.
If the startup contribution to an LLC is recorded as a loan and the business was subjected to a lawsuit does the lender/owner have priority over the plaintiff when it comes to reimbursement of said loan?
2023 Still all up in yo business.... Thanks much!!!
Thank you so much babe. This answers my question even though I live in Canada. Cheers.
Legend has it, that graphic is actually an ancient prophetic text from the lost city of Atlantis
I love your personality 💖 such a beacon of light, breath of fresh air very informative thank you so much!
Yes she is!!!!!!
I came just for the graphics :) Thanks for sharing this info.
[Subscribed] Five years old and this video is still relevant!
The graphics alone are so phenomenal! The information is informative! You should really consider becoming a CZcams Partner if you are not already!
Thank you @180LawCoLLC this was all I need this morning!
Now 6 years old and info in this video is still relevant! (...and those graphics are ADORABLE lol)
Thank you for your graphic designers department for this fantastic depiction, and your succinct explanation. This helped a lot! Cheers! 🤠
Thank you for exposing this so effectively! Super helpful !
I mean, the art though, I’m impressed! 🤣❤️
Thank you for the informative video!!!! Love the “expensive” graphics🤣😂🤣
I laughed so hard when you showed the picture I had no idea that’s what it was gonna be 😭🤣🤣 great video
Cheers to the “real” graphics team! 👍
Such enjoyable and educational videos💎💙. And excellent high tech graphics lol!👍Thanks so much for sharing!🙂 You're help us a lot!
I’m so thankful for all your videos
Thanks Aiden, I keep coming back to your videos.
Salute to the graphics department. Amazing job
Brains beauty & humorous personality🙏🏽 I instantly started crushing!.... o Yes I forgot; thank you for the information!~
hello Aiden , been watching your videos for a couple days and just love the great info. question is , if I make member contribution to my LLC are there any guidelines I need to follow , or just deposit and record into the business records ? VERY VERY new to the LLC world... much thanks for any info and a great day to you and success always to your LLC.
Hot girl you nailed it. That was the answer I've been looking for the whole day watching 100s of videos
Very informative. You never disappoint! Thank you for sharing.
Someone told me if you own a sole proprietorship if you put a business advert sticker on your car then everytime you drive I the mileage is deductable on taxes.
Does this sound right?
Omg it’s 2022 this was so informative ty
hahaha.. love the graph! I was expecting a lot more.. but it blew me off the water haha
Lol!!! You Got me with the Visual Presentation! Jajajaja
Ill graphics. I see you are using Leonardo AI for them. On point!!!
Say you are dissolving your business and you want to divide up the member contributions currently in the LLC's account back to the members who contributed, how do you do this? Is this considered payment, worthy of a payroll, or can you just take the money back out and redistribute it?
Sounds like a question one should direct to a CPA or tax attorney.
Great information, thank you. Very cute graphics also her briefcase matched her outfit!..👍
I Love your Cartoon presentation. Thank you, for your honest. I really need hear this.
Thank you! Love your high tech graphics!
So when you open a business account at my bank you have to open it with $50. This is also a member contribution?
Yes, that $50 can be your member contribution.
Thank you for this question! And answer lol
@@allupinyobiz How is this paid back to the owner?
Actually laughed out loud when you introduced the graphic lol
This video is awesome and the graphics! Well, I was definitely blown away.
when you are starting your business and don't have a business account yet, (it's in the process) how do you show transferring money from your personal account to pay for business expenses?
Did you ever find the answer to this question?
What method should you transfer the money to the business? Checks, or cash and etc..?
either works!
What about charging to a personal cc? Bad idea? And how would you pay back the cc?
Love your sense of humor
Great video!
agreed!
Thanks Aiden, your videos are great and really helpful! I love the way you break the information down very simply. BTW, love those graphics! Can I hire that designer!!?
such great stuff!
Girl! You crack me up! You are a total triple threat :-*
So if I transfer $1000 for start up purposes into my LLC bank account as a member contribution, how can I get it back? Can I withdraw (tranfser) it from the LLC once the company makes some profit or would it have to be a distribution and be taxed by state and federal as personal income? Can I write off that member contribution on my personal taxes? Your videos are great, thank you.
😂 ok you’re a great teacher wtf. This was so awesome and made it easy to understand
investment = (loan+interest) ?
Great advice. Very clear.
Love the humor and advice. Thanks for the video.
Thanks for the video! Love the graphics. Can I do this retroactively? I've bought a lot of materials in the past for the LLC that I'm opening. Could I get the receipts and Count then as materials to build the prototype product that I'm building for my LLC ?
Supar Video
This video absolutely rocked you made it so clear thank you God bless
Love you and your sopisticated graphics! 🤣🥰😍🙏🏿
what if other people contribute to my LLC? Example.. I run a moving company (not really) and friend Joe thinks I'm really well. I convince him (or maybe he convinces me) that if he gave me money to repair or replace the truck with a bigger more reliable and fuel efficient truck then i could pay him some money every month. How would the money exchanged be recorded?
recorded as a loan to the LLC
If an owner of a single member LLC provides his LLC with, say $1,000 member contribution to cover LLC expenses, does that $1000 count as income to the LLC?
do you plan to have the LLC pay it back or no?
Do you recommend creating a new LLC for each company I own or create one LLC and DBAs for each one?
The CZcams algorithm is weird. But I like these videos
Hey Aiden, I appreciate the video, I was wondering do I need to write a check every time I want to contribute money to my llc or can I just transfer to directly since my llc and personal account have the same bank ?
Thank you so much for your help
Glad I found this channel
Hello, I love your videos! You answer most of my questions. Thank you! Here is a scenario I came across as a real estate agent. Guy wants to create an LLC with their family members and every month each family member contributes to the LLC until they have enough money to purchase a small property. My question is would the monthly contributions be taxed? Would they be able to purchase a home with a year long LLC? Thank you in advanced :)
+Arthur Grigoryan member contributions aren't considered income and would not be taxed.
@@allupinyobiz Hi, I love your videos. Can the member contribute crypto fund to the single member LLC to avoid paying capital gain tax on the crypto? Once the crypto is under LLC, it can be cashed out as a company entity without needing to pay tax, right? Thank you in advance.
very helpful video. graphics did their job and more !! thank you.
If you are asked about that "member contribution" by the IRS how do you prove it was in fact your money you invested in your LLC and not money you acquired from your business?
I wish you were in Florida!
Great information Thank You
Thank you for sharing this. Was sound advice.
You are hilarious! Thanks for the info and for being entertaining.
Great educational videos, but your personality is on point! lol Great stuff!
Lol love the expensive graphics
haha me too
Very helpful but how to get your investment back without taxing it?
How do you categorize contribution from 1 business you own to another start up business that you own, without wanting to categorize it as a loan?
These videos are really great, Thanks Aiden.
Thanks for the good clear video and the top notch graphics :)
Killing me w those graphics! LOL
Thank you for the great graphics
Helpful, but I have a next level question lol. How do I contribute say a price winning, like a car? I win a car, it’s worth x amount, yes I will use it as more than 50% business purposes. Instead of declaring current personal car to the llc, can i some how get a deduction through an llc by having won a car? Thank you 🙏🏽
You crack me up with your humor
If that business owner in the graphic can afford fancy briefcases and stylish perms, she really shouldn’t need a loan.
😂😂😂
Love your videos. If I transfer $9000 from my annuity to my single member LLC this would be considered member contribution.
Thank you for the tips!
Got it. It has to be treated as a Loan. 😊
I'm new to your channel and the content is well received. Thank you.
Great video!!! Very Informative. Thank You!
For a member contribution do I just go to the bank and deposit the cash? Is there anything else I have to do?
Totally into these videos!!!