A viewer asked: Can I repurpose the existing cold wallet to be owned by the LLC? This recording is Jake Claver's answer, in full and unedited.
Also coveredcold wallet, capital contribution, operating agreement, family limited partnership
More on this subject: jakeclaver.com.
What this recording covers
Claver explains the process of transferring an existing hardware cold storage wallet into the ownership of a newly formed limited liability company. He notes that investors do not need to purchase a new hardware device or execute onchain transfers between wallets to fund the company. Instead, the owner documents the transfer on a capital contributions schedule by recording the public wallet address, token types, token quantities, and the corresponding fiat value on the date of contribution. Claver emphasizes the importance of having the capital contributions page and the operating agreement formally notarized, which establishes a legally binding timestamp confirming when asset ownership transferred to the entity. He explains that this documentation satisfies commercial banking requirements while preserving the tax treatment of single-member companies and family limited partnerships.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.