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oboero2
Level 1
posted
‎November 01, 2021 09:19 PM
last updated ‎November 01, 2021 9:19 PM

If I have a credit card under my personal name but it's strictly for business use...

I own a C corporation. If I have a credit card under my personal name, but if it's 100% for business use, can I use the business bank account to pay for this card? Would this create any kind of complication when being audited by IRS? Thanks.

 

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1 Comment 1
Rustler
Level 15
‎November 02, 2021 03:44 AM

If I have a credit card under my personal name but it's strictly for business use...

Yes you can use it and no the IRS will not blink as long as the charges are business related.

But a c-corporation is a legal entity and it would be better to get one for the company itself

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