QUESTION
Charging Personal Expenses on a Business Credit Card
Asked on Apr 25th, 2016 on Business Law - California
More details to this question:
Would there be any problems in charging personal expenses on a business credit card (belonging to my own LLC) if the credit card has a mechanism for separating out personal and business expenses? In the event of piercing the corporate veil, would this be considered as co-mingling personal and business transactions even if no personal expenses are paid out of company funding?
1 ANSWER
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If it were the only factor, that's probably enough, but since the burden of getting a separate card is so small, why chance it?
Answered on Apr 26th, 2016 at 9:55 AM