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http://readysetincorporate.com/faq-items/do-i-have-to-make-a-capital-contribution/
Export date: Mon Dec 10 21:09:02 2018 / +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 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).
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).
Links:
  1. http://readysetincorporate.com/faq-items/whats-a-c apital-contribution/
Post date: 2015-06-15 13:16:17
Post date GMT: 2015-06-15 20:16:17

Post modified date: 2015-07-07 14:57:22
Post modified date GMT: 2015-07-07 21:57:22

Export date: Mon Dec 10 21:09:02 2018 / +0000 GMT
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