you would have to have that money in your personal bank accts when buying the real estate/trucks or you will have a lot of explaining to do come income tax time if you take the money out of the business and the business has nothing to show for it - you would LEASE/rent the assets to the business
are you buying the building with CASH? if not, you will need at least 20-30% cash for down pmt and closing costs and have credit good enough and enough income to get TWO COMMERCIAL Mortgage loans - you better have your paperwork all in order for "lending the business those assets" also
I am a sole proprietor corporation, I own 2 LLC's an energy automation corp, and a technology refurbishment co. I am really looking into buying these two buildings in q1 2015 I will have cash to buy outright. I am also looking into getting some ford F-150 raptors's for some fleets. I want to put the buildings and the cars in my name and loan them out to my LLC's so if the sh*t hits the fan I still have my buildings and cars. Just not the LLC's possessions. Is this a legal business practice or would this be frowned apon in the corporate world?
