My question involves business law in the state of: CA
I recently formed an LLC (1 owner) and Im in the process of purchasing some equipment. Since the LLC is new, most banks are reluctant to give the LLC a loan.
Fortunately I have excellent credit and have access to some cash with a creditor.
Question is: Can I purchase the equipment ($5,000) personally, then sell this to the LLC (ie. write a check). Would this be legal? Im trying not to comingle accounts, but this would be the most feasible for me.
I know I can personally co-sign for a business loan on behalf of the LLC, but the entire loan process is quite grueling and will take 8 weeks with my bank. My concern here is time, since I already have clients ready to hire me on.

