#409 Open Forum Q & A | Your Tax and Legal Questions!
Main Street Business
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New Mexico - Is a Capital Contribution Taxable?
A single member LLC may be able to make a capital contribution anytime. New Mexico says, I don't believe you need to add another LLC into the mix. Just keeping money in the bank account doesn't mean that's you're making the corporate veil stronger. If you constantly strip out every penny, a judge might rule against you for taking out too much.
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