My wife and are a self-employed consultants operating as the sole 50/50 members of an LLC filing as S-Corp. Personally we file Married / Joint. We have a joint business checking account under our EIN but aren’t big enough to have a business investment account. We keep some business operating capital around to cover expenses. At the end of a year, any excess funds flow through to us directly. But even with rising interest rates, the best our bank offers is .35 percent on our business funds. Our joint (personal) investment account offers a Money Market option offering 4.55% interest. Can we move some of our Business operating capital to our Personal investment Money Market account where the resulting 1099-INT would be personal?
