Good evening. Yes, you would write a check or have funds wired to an account in the name of the LLC. This would be either a loan or a contribution to the LLC depending upon the terms of the Operating Agreement among the members. You spell out everything in the Operating Agreement, including initial contributions, additional contributions, how profits and losses are to be shared, voting rights...on normal operating decisions and major decisions, sale of the business, sale of interests in the LLC, etc.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
It would show up on the LLC tax return as a non-taxable capital contribution. It is not a taxable event for your individual return.
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