Business Financing - Don't Intermingle Funds
This handout explains the problems that occur when business owners intermingle business funds with their personal funds. Court case summaries provide a warning to business owners as to the problems that can occur.
HIGHLIGHTS:
Tax problems caused by intermingle funds.
Court case summaries.
Personal use of corporate assets.
CLIENTS WHO MAY BENEFIT:
Small business owners who establish an S corporation for tax purposes.
Small businesses operating as corporations.