Avoid Commingling Corporate and Personal Funds

Avoid Commingling Corporate and Personal Funds

Commingling corporate and personal funds demonstrates that no distinction exists between a business owner and his or her corporation. You can protect your business and personal assets by obtaining your corporate and personal accounts separated.

That means that all corporate debts must be paid from corporate accounts. Personal bills should be paid only through personal funds or accounts, without exception.

If you hire employees, they must be paid through corporate accounts via corporate payroll or a payroll service. The appropriate deductions must also be made.

CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE: 1-800-562-0004

Our Business Hours are:

Mon – Friday from 10:00am to 6:00pm Saturday from 10:00am – 2:00pm

When you have legal business questions, Attorney Omar Zambrano is here to help!

Contact us today to schedule your FREE CONSULTATION.