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Updated over 5 years ago,
How to not "Commingle" funds
Hi, I'm trying my BEST here to do my own accounting for the most part.
Currently I have an S -corp established for my fix and flips and an LLC for my long term holds.
Most of my business funds are in my S - Corp bank account.
STORY:
Just purchased a new rental (in my personal name) its pending a quick claim deed to the LLC. Anyway long story short - the rehab cost for the home were charged on my personal card. How do I properly pay off my personal card with the Funds in my S - Corp account without raising red flags. Or can OI not use those funds because I haven't put it in the business name?