I will be forming an LLC where I will be the sole member/owner to open a business bank account. I will initially transfer an amount X of money from my personal bank account to this LLC account. The LLC will not conduct any actual business, it will only serve as a “holding” company for my transferred money. The LLC account is a checking account with no earned interest. As such it will not generate any income. I will be using this LLC account only for my personal expenses (cash withdrawal, credit card expenses, etc). Is this intended use legal? Will the initial funding of my LLC account from my personal account be treated as an income for the LLC and subject to taxes? Are there any other tax considerations I should be worried about being that the account will only have expenses and no income? I’m not a US resident or US citizen. Thanks.