323
paying bills from corporation account
10/8/09 4:47 PM
Total Views: 104
Total Views: 104
can the owner of a corporation pay his personal bills out the business account. If not, what is the consequences.
All Replies: Answers (1)
Rating 0
Answer
10/9/09 7:48 AM
Depending on the entity, there could be very undesirable tax consequences. Or if it is not reported correctly, it is fraud and tax evasion.
Marc Barnes
Find me on LinkedIn
I hope this helps you, if it is please mark this as solved or helpful. If it does not answer your question, please include more information or additional questions so we may better assist you.
