Level 15

Are there loan documents for this "loan"? That will determine bona fideness(?). If no, what evidence is there for these loans? 

And how would you get it to contributed capital? Loan receivable from LLCs is an asset (debit).

Maybe distribution from S Corp to owner, who then contributed to SMLLC.  But if only a 50% owner of LLC, distributions would not be pro rata according to ownership.


ex-AllStar