USA Single Member LLC and Capital Contributions / Using Personal Credit


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I am running a single member LLC and want to avoid "piercing the veil" of my LLC by comingling personal and business assets.

At a high level, my business is essentially 4 steps.
  • Use available funding to purchase inventory.
    • My funding consists mainly of personal credit cards with cashback rewards. I intend to roll the rewards on these purchases back in to the business as well. At times I would be making personal contributions as well by transferring from personal to business account.
  • Track the inventory in my system (Excel for now... working on programming an inventory system to keep track of everything more efficiently)
  • Sell the inventory and roll the cash generated over in to new inventory as quickly as possible - sometimes can roll it over up to 2-3 times a month.
  • Pay off credit cards by due date - rinse wash repeat
Is there a way to document this properly?
 
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Joined
Apr 30, 2021
Messages
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0
Country
United States
I believe I’ve found my answer in another thread, which is to reimburse myself with a check from the company as a draw, and pay the bill from my personal account.
 

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