Contributions to capital of the LLC bill of sale
When funding an LLC with assets held in personal names, it’s best to actually sell the assets to the LLC in exchange for membership interests. Another way of saying this is to fund the LLC with your assets as a contribution to initial capital.
You need to document any transfers of assets. Establishing a clear date that any transfers or sale of assets into a holding company or regular LLC will greatly help you if a timeline ever comes into question.
When establishing your LLC, you can use this bill of sale template to establish the values of the assets you are selling (Transferring) to the LLC. Then you can exchange the value the LLC would have paid you for membership interests in the LLC.
If you have not established an LLC operating agreement, please take the time to use one of our free LLC agreements on the side of this page.
We do registered agent service for LLCs. We help keep your LLC in compliance with the State of formation by providing you an online account with helpful tools to manage your LLC. We also form LLCs for $100.00. If you’d like the ongoing support of a registered agent for your LLC, we’d love to help you. You can sign up for immediate service below.
More LLC Forms:
Step 1: LLC Organizational Forms
Step 2: Initial LLC Setup
Step 3: Get an EIN for LLC
Step 4: Open a Bank Account
Step 5: LLC Maintenance Forms
Other Legal Documents:
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