I'm in Washington state.
In addition to my personal checking account I have a business checking account for my sole proprietorship business. Can I freely spend or transfer the money in that business account as if it was my own personal checking account? For example, sometimes I randomly transfer money from business to checking when I feel like it and/or I use my business debit card to pay for non-business expenses. Is this legal? Am I suppose to go about a business account in different way?
Thanks in advance
In addition to my personal checking account I have a business checking account for my sole proprietorship business. Can I freely spend or transfer the money in that business account as if it was my own personal checking account? For example, sometimes I randomly transfer money from business to checking when I feel like it and/or I use my business debit card to pay for non-business expenses. Is this legal? Am I suppose to go about a business account in different way?
Thanks in advance