Hi, I am setting up an LLC for holding purposes only. I wasn’t for sure how to respond on the question regarding capital. My lender wanted my new commercial building to be placed in a holdings company. thanks
Hi, I am setting up an LLC for holding purposes only. I wasn’t for sure how to respond on the question regarding capital. My lender wanted my new commercial building to be placed in a holdings company. thanks
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With a holding LLC, initial capital is what is placed into the company to fund it. In this case, the initial capital would usually be the value of the building itself. If I can be of help, please let me know.
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Hi, I am setting up an LLC for holding purposes only. I wasn’t for sure how to respond on the question regarding capital. My lender wanted my new commercial building to be placed in a holdings company. thanks
Lexi, Chatbot
I understand the importance of setting up an LLC for holding purposes. Have you already decided on the initial capital amount for your LLC?
I had no plans of putting money in the company. I was going to place the building under its name. I hope that makes sense
Lexi, Chatbot
Are you looking for guidance on how to structure the capital contributions for your LLC in relation to holding your new commercial building?
sorry for the typos.
Lexi, Chatbot
Is there anything else the Corporate Lawyer should know before I connect you? Rest assured they’ll be able to help with capital contributions.
no
Elizabeth
My name is Liz and I’m the attorney who will be assisting with your legal question. I know that dealing with the law can be difficult and confusing, so I’m here to help!
So I can best help, is the building the only asset in the LLC?
yes
Elizabeth
With a holding LLC, initial capital is what is placed into the company to fund it. In this case, the initial capital would usually be the value of the building itself. If I can be of help, please let me know.
ok thank you!
Elizabeth
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