Hello
I'm buying things on my personal debit card for the biz this year, but LTD CO won't be profitable for sales until next year. How best to structure this on LTD CO accounts?
I was thinking just a list of what is owed, yet to be reimbursed.
Alternatively, I could write up 50,000 loan letter. Pay the money into LTD CO. Then reimburse the money back out for purchases made on personal debit card.
Any helpful tips appreciated!
Cheers, rich
I'm buying things on my personal debit card for the biz this year, but LTD CO won't be profitable for sales until next year. How best to structure this on LTD CO accounts?
I was thinking just a list of what is owed, yet to be reimbursed.
Alternatively, I could write up 50,000 loan letter. Pay the money into LTD CO. Then reimburse the money back out for purchases made on personal debit card.
Any helpful tips appreciated!
Cheers, rich
Comment