Friday, January 15, 2016

My Business Money vs My Personal Money

Posted by tomato at 8:45 PM


Why is it not wise to mix business money and personal money?


  1. avoid piercing the corporate veil
  2. maintaining a professional reputation
  3. refraining from self-destruction
  4. dealing with the tax revenue

Strategy #1
track business and expenses separately

Strategy #2
use a business credit card

Strategy #3
make it official

Strategy #4
proper documents


written by K.C Lau in New Straits Times November 2, 2015

 

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