DO YOU KOW HOW TO LEGALLY PUT MONEY INTO YOUR BUSINESS?
Are you paying taxes on the personal money you invested into your business?
LLC KIT
ORIGINAL PRICE VALUE: $175
When funding your LLC, it's important to have the correct documentation. This ensures you are NOT paying taxes on personal money you put into your business.
The 2 Contracts You Need:
Capital Contribution Agreement: This is the contract you use when you put money into your business and don't need the money paid back.
LLC Loan Agreement: This is the contract you use when you put money into your business and you want the business to pay you back once it starts making money.
Give these contract to your CPA/Accountant at tax time. They will know what to do with them.
These attorney drafted contracts will ensure the money you put into your business will not be deemed "income" and cause additional tax consequences.
When funding your LLC it's important to have the correct documentation. This ensures you are not paying taxes on money you invested in your business.
These attorney drafted contacts will ensure the money you put into your business will not be deemed "income" and cause additional tax consequences. You will record money invested in your business and give these agreements to your CPA/Accountant at the end of the year.
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