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Using Personal Funds Legally
Summary
You can use personal funds to purchase merchandise for your llc, but document transactions as contributions or loans. In washington, use business funds for llc transactions even without licenses, but keep records and separate finances. Research permits for local events. Apply for a washington state business license and check local requirements for temporary vendor permits.Full Conversation
I'm sole member/manager of an LLC I recently started in which I sell print on demand clothes and other items through Printful with my custom brand design. However, I need funds to pay for licensing to sell online across the US. Could I use personal funds to purchase the branded merchandise myself from the printer and sell them at local art shows and pop-ups?
Hey ****! Yes, you can use personal funds to purchase branded merchandise for your LLC. Just ensure you document these transactions as member contributions or loans to the LLC for proper accounting. This maintains the separation between personal and business finances. Have you considered any specific licenses needed for selling at local art shows in Washington?
I'm sure if any exist. I already opened a separate business banking account, and currently fund it myself from my own personal funds. Would it be possible to use the business funds for this transaction, even if I don't have any business licensing yet?
In Washington, you can use your business funds for transactions related to your LLC, even if you haven't obtained business licenses yet. However, ensure you:
- Keep detailed records of all transactions.
- Maintain a clear separation between personal and business expenses.
- Research any required permits or licenses for selling at local events.
Do you need guidance on specific licenses for selling at local art shows?
- Keep detailed records of all transactions.
- Maintain a clear separation between personal and business expenses.
- Research any required permits or licenses for selling at local events.
Do you need guidance on specific licenses for selling at local art shows?
Yes, I would like to be able to go to events across the state, but even if I have to stay within my city or county, I just want to be able to begin selling my merchandise as soon as I can in as complaint a manner as possible.
Case Rating: *
To sell at local art shows in Washington, you might need a business license and potentially a temporary vendor permit. Consider checking with city or county offices for specific requirements. Would you like more information on acquiring these licenses for your LLC?
To sell at local art shows in Washington, you might need a business license and potentially a temporary vendor permit. Consider checking with city or county offices for specific requirements. Would you like more information on acquiring these licenses for your LLC?
yes pleasse
Case Rating: *
To sell at local art shows in Washington, you may need:
- A Washington State Business License.
- A Temporary Vendor Permit for specific events.
- Check with local city or county offices for additional requirements.
Would you like more detailed guidance on acquiring these licenses for your LLC?
To sell at local art shows in Washington, you may need:
- A Washington State Business License.
- A Temporary Vendor Permit for specific events.
- Check with local city or county offices for additional requirements.
Would you like more detailed guidance on acquiring these licenses for your LLC?
yes, please
Case Rating: *
To acquire the necessary licenses for selling at local art shows in Washington, you can start by applying for a Washington State Business License through the Department of Revenue. Additionally, check with the local city or county offices for any Temporary Vendor Permits or specific event requirements. Would you like assistance with anything else?
To acquire the necessary licenses for selling at local art shows in Washington, you can start by applying for a Washington State Business License through the Department of Revenue. Additionally, check with the local city or county offices for any Temporary Vendor Permits or specific event requirements. Would you like assistance with anything else?
No, thank you. You've been very helpful this afternoon. I really appreciate it.
Case Rating: *
You're welcome, ****! I'm glad I could help. If you have any more questions in the future, feel free to reach out. Good luck with your LLC and selling at the art shows!
You're welcome, ****! I'm glad I could help. If you have any more questions in the future, feel free to reach out. Good luck with your LLC and selling at the art shows!
Thanks so much!!
Case Rating: *
****'s situation involves starting an LLC and navigating the requirements for selling merchandise at local art shows, which involves understanding licensing and financial management. It doesn't appear to be a high-value legal case requiring a lawyer's intervention, but getting proper licensing and ensuring financial separation is essential. If any issues arise during the licensing process or business operations, **** might reconsider seeking legal assistance.
****'s situation involves starting an LLC and navigating the requirements for selling merchandise at local art shows, which involves understanding licensing and financial management. It doesn't appear to be a high-value legal case requiring a lawyer's intervention, but getting proper licensing and ensuring financial separation is essential. If any issues arise during the licensing process or business operations, **** might reconsider seeking legal assistance.
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