{"id":6767,"date":"2014-03-08T15:36:51","date_gmt":"2014-03-08T22:36:51","guid":{"rendered":"http:\/\/www.keytlaw.com\/azllclaw\/?p=6767"},"modified":"2016-11-16T08:23:43","modified_gmt":"2016-11-16T15:23:43","slug":"funding-my-llc","status":"publish","type":"post","link":"https:\/\/www.keytlaw.com\/azllclaw\/2014\/03\/funding-my-llc\/","title":{"rendered":"How Do I Get Money into My LLC?"},"content":{"rendered":"<p><strong>Question<\/strong>:\u00a0 My limited liability company needs money.\u00a0 How do I get my money into the LLC?<\/p>\n<p><strong>Answer<\/strong>:\u00a0 There are two ways a member of a limited liability company funds the LLC:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>a Loan<\/strong>:\u00a0 The member loans money to the LLC.\u00a0 The loan should be evidenced by a Promissory Note signed by the LLC.\u00a0 The Promissory Note should state the the terms of the loan such as the interest rate (if interest will be charged), repayment terms and the maturity date.\u00a0 The member(s) of the LLC should sign a resolution or action by unanimous consent that authorizes the loan.\u00a0 The loan should also be reflected as a loan in the LLC&#8217;s books.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\"><strong>Capital Contribution<\/strong>:\u00a0 A capital contribution is the equivalent of a gift from the member to the LLC without any obligation to repay the contribution until the LLC liquidates.\u00a0 Capital contributions are additions to the LLCs&#8217; assets without a corresponding debt that arises when money is loaned to the company. \u00a0 Capital contributions are added to the contributing member&#8217;s capital account.\u00a0 The LLC&#8217;s books must correctly reflect that the funds were made by the member as a capital contribution.\u00a0 Capital contributions should also be approved by members by signing a resolution or action by unanimous consent that authorizes the capital contribution.<\/li>\n<\/ul>\n<p><strong>Purchase an Editable Promissory Note &amp; Member Resolution<\/strong><\/p>\n<p style=\"text-align: justify;\">The KEYTForms store sells a <a href=\"http:\/\/keytforms.com\/shop\/promissory-note\/\" target=\"_blank\">form Promissory Note<\/a> and a <a href=\"http:\/\/keytforms.com\/shop\/borrowing-resolutions-llc\/\" target=\"_blank\">form Resolution of Members<\/a> authorizing the member loan.\u00a0 Each form is $47, is a downloadable &amp; editable Word file, and comes with instructions on how to edit the form.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question:\u00a0 My limited liability company needs money.\u00a0 How do I get my money into the LLC? Answer:\u00a0 There are two ways a member of a limited liability company funds the LLC: a Loan:\u00a0 The member loans money to the LLC.\u00a0 The loan should be evidenced by a Promissory Note signed by the LLC.\u00a0 The Promissory Note should state the the terms of the loan such as the interest rate (if interest will be charged), repayment terms and the maturity date.\u00a0 The member(s) of the LLC should sign a resolution or action by unanimous consent that authorizes the loan.\u00a0 The loan should also be reflected as a loan in the LLC&#8217;s books. Capital Contribution:\u00a0 A capital contribution is the equivalent of a gift from the member to the LLC without any obligation to repay the contribution until the LLC liquidates.\u00a0 Capital contributions are additions to the LLCs&#8217; assets without a corresponding debt that arises when money is loaned to the company. \u00a0 Capital contributions are added to the contributing member&#8217;s capital account.\u00a0 The LLC&#8217;s books must correctly reflect that the funds were made by the member as a capital contribution.\u00a0 Capital contributions should also be approved by members by signing a resolution or action by unanimous consent that authorizes the capital contribution. Purchase an Editable Promissory Note &amp; Member Resolution The KEYTForms store sells a form Promissory Note and a form Resolution of Members authorizing the member loan.\u00a0 Each form is $47, is a downloadable &amp; editable Word file, and comes with instructions on how to edit the form.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[8,51],"tags":[],"class_list":["post-6767","post","type-post","status-publish","format-standard","hentry","category-faqs","category-how-do-i"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Do I Get Money into My LLC? - Arizona LLC Law %<\/title>\n<meta name=\"description\" content=\"An LLC attorney who has formed 4,000+ LLCs explains the two ways a member of an LLC funds the LLC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/2014\/03\/funding-my-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Do I Get Money into My LLC?\" \/>\n<meta property=\"og:description\" content=\"An LLC attorney who has formed 4,000+ LLCs explains the two ways a member of an LLC funds the LLC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keytlaw.com\/azllclaw\/2014\/03\/funding-my-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona LLC Law\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-08T22:36:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-11-16T15:23:43+00:00\" \/>\n<meta name=\"author\" content=\"Richard Keyt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Keyt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/\"},\"author\":{\"name\":\"Richard Keyt\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/9d6c74d30296559f95e238fa25182391\"},\"headline\":\"How Do I Get Money into My LLC?\",\"datePublished\":\"2014-03-08T22:36:51+00:00\",\"dateModified\":\"2016-11-16T15:23:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/\"},\"wordCount\":268,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"articleSection\":[\"FAQs\",\"How Do I\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2014\\\/03\\\/funding-my-llc\\\/\",\"name\":\"How Do I Get Money into My LLC? 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