To get business credit, avoid making this mistake 👇
When you transfer or move money from your personal account to your business account, it’s important that it’s documented correctly.
✅ Instead of letting it show up as business income, make sure you have an LLC Loan Agreement in place. This way, the money is recorded as a loan investment into your business, not income.
Why does this matter?
- If it’s counted as income, it can mess with your books, inflate your revenue, and create unnecessary tax issues.
- When it’s set up as a loan, it shows that you’re investing in your company properly. helping you build credibility and structure for lenders when applying for business credit.
💡 Millionaires don’t just move money… we move strategically.
👉 Drop a “💎” in the comments if you’ve learned something new today.