How do I initially fund a c-corp bank account with personal funds?

I'm seeking an tax specialist or accountant to advise on a proper chart of accounts in Xero and general accounting for a new startup.


You can fund your new Corporation bank account by depositing personal funds into that Corporation account for initial capital for the business. That investment can be classified as a loan to the Corporation or may be for issued stock shares of the Corporation (a needed conversation).
I can help you set up ta chart of accounts, based on your specific business, which can be used by any accounting system but I mostly work with QuickBooks Online. (Message me for a referral to a Xero bookkeeper if Xero is imperative.) Best wishes!

Answered 5 months ago

It’s usually way easier to deposit funds than to withdraw them. I would simply write a check to the company name and deposit it into the corporate bank account with a detailed note in the memo section referencing the purpose. I would then put out a job proposal on Upwork for a CPA who can help with the chart of accounts. You can also check with outsourced CFO Firms like NowCFO and Hardesty. Best of luck in your new venture!

Answered 5 months ago

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