- Joined
- Nov 15, 2019
- Messages
- 2
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- 0
- Country
When I'm taking a draw out of my single member LLC, does it matter if it's in the form of a check or an electronic transfer. Of course I want to maintain the separation of finances between personal and LLC business. A check would clearly maintain this. Would a bank transfer? The reason I ask is that my bank defines transfers as money moved between accounts owned by the same entity. When I try to add an account, it clearly states that it's for another account owned by the same entity. I don't want to link my personal account to my LLC account if this is considered commingling funds.