Founder of the TechVoo franchise. Worked in Silicon Valley in various facets of technology and managed large web applications. Computer Engineer from the university of Illinois at Urbana-Champaign, as well as a graduate of Goldman Sachs 10,000 Small Businesses. Interested in advising technology startups.
Unless you have a need to show a substantial equity, usually starting the corporation (assuming that's the type of entity you want) with $1,000 is ok. Then the remainder ($49k in this case) is entered as a loan. That way, once you have the cash back in the business account, you're not worried about taxes and can be repaid the loan directly.