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Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/do-i-have-to-make-a-capital-contribution/ Export date: Thu Apr 25 17:40:53 2024 / +0000 GMT |
Do I have to make a capital contribution?No, a capital contribution 1 isn't necessary. But typically you would, and should, make one. You would because there's almost no way to start a business without some kind of investment. And you should because if your corporation 2 is “under-capitalized”, then you could be exposing yourself and fellow shareholders or members to personal liability, making the formation of the entity a waste of time and money. And it takes more than $1.00 to protect yourself (but nice try). |
| Excerpt: No, a capital contribution isn't necessary. But typically you would, and should, make one. You would because there’s almost no way to start a business with zero invested in it. And you should because if your corporation is “under-capitalized”, then you could be exposing yourself and fellow shareholders or members to personal liability, making the formation of the entity a waste of time and money. And it takes more than $1.00 to protect yourself (but nice try). |
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Post date: 2015-06-15 13:16:17 Post date GMT: 2015-06-15 20:16:17 Post modified date: 2019-11-05 17:16:50 Post modified date GMT: 2019-11-06 01:16:50 |
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