What is the name of your state (only U.S. law)? New York
Single member LLC in NY:
If one paid his personal Credit Card using his business LLC account (online transfer), is that consider commingling business and personal Funds? Would paying the exact amount from personal account back to the business LLC account remedy the issue as far as veil piercing is concerned? If not, what other options does the owner have, creating a new LLC?
Thanks all.
Single member LLC in NY:
If one paid his personal Credit Card using his business LLC account (online transfer), is that consider commingling business and personal Funds? Would paying the exact amount from personal account back to the business LLC account remedy the issue as far as veil piercing is concerned? If not, what other options does the owner have, creating a new LLC?
Thanks all.