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When youre transferring your assets cash or needing to sell a property to another one of your companies, does the taxation work? What is the correct way to do this? If youre transferring assets or cash needed to another company? Well, Douglas, it really depends on on how your structure is set up, where were trying to get the money. If youre just trying to get it into an LLC like this, theres two ways you can do this to fund. So this is where I need the money and Im down here. Well, the first way to get the money up here is through a contribution. And what that means is youll take money from your personal account, your first move it into the blue box, the Wyoming LLC. And then from there, youre going to move it into the red box. And so thats called a contribution, is what were doing there. And you would listed as such. Now, the thing about making a contribution is that if something goes wrong up here, you risk losing any any amounts that you contribute. That means youre on un
