DO I WANT TO USE OWNER'S CONTRIBUTIONS? Owner’s contributions" is personal money you invest in your business.
You can choose to use money from your personal savings, from other household income, or leverage debt. When you choose to do this, decide ahead of time how long and how much you want to contribute/invest. Then, support yourself all the way through that
decision.
Owner’s contribution should be tracked for profitability and taxation purposes. Ask your bookkeeper or tax professional about your unique situation. Take good notes and record for your tax preparer/bookkeeper/ financial planner when you move your personal money into your business account.
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