Can You Use a Business Bank Account for Personal Use?

Can You Use a Business Bank Account for Personal Use?

Recently I was hired as a bookkeeper for a small manufacturing business. My boss, the owner, uses the business bank account for personal use – and it’s driving me crazy! He withdraws money with a debit card for personal expenses. Last week his wife bought a big screen TV for their home using a blank check he signed from the business account. From one day to the next I never know how much money the business will have. I’ve explained that it’s best practice to separate business and personal funds, but he tells me it doesn’t matter since the business is an LLC and he is the sole owner. Continue lendo “Can You Use a Business Bank Account for Personal Use?”