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Old 09-15-2007, 10:17 AM   #1 (permalink)
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Can I transfer balances from my personal Credit card to my business credit card? What are

the implications? Implications in terms of IRS creating problems etc. Is it a good practice? CAn this be done without creating any problems with IRS, business etc?
 
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Old 09-17-2007, 09:01 AM   #2 (permalink)
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It is not a good practice, business cards are intended for business purchases. I am not certain about the ramifications with the IRS, but I know that when you incorporate a business you should not commingle, personal expenses with business expenses. You could be piercing the veil of protection that the corporation offers.
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