I transferred startup money to my new company, how do I account for this to the IRS?
Wednesday, June 1st, 2011DJP asked:
I was running my business as a sole-proprietership for a few years then I set it up as an LLC. I transferred money to my LLC so it had money to work with. Now I’m trying to figure out my tax filings and I am stuck about what to do with this and get the balance sheets in order.
I was running my business as a sole-proprietership for a few years then I set it up as an LLC. I transferred money to my LLC so it had money to work with. Now I’m trying to figure out my tax filings and I am stuck about what to do with this and get the balance sheets in order.
Any help is not appreciated.