Deposit cash into my business from my wife's account?
I have a LLC (let's call it XYZ, LLC) and I am the sole owner and I am going to use the money of the company to buy some assets. However, XYZ doesn't have enough capital to make the purchase.
My wife has some spare cash in her personal account and she said I can use her money for now. Can I deposit her money into my business without paying interest?
Thank you.
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Yes you can. By US law, (and barring any prenuptial agreements specifying otherwise), your spouse's money is also your money, so you can deposit your money into the business account which should just increase your company basis. How you work out paying your wife back is between you and her, but does not need to involve the company if you don't want it to.
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