I have a followup question, regarding monthly bills. I understand expenses such as gas, food, and parts & services should come out of the business account. However, I set up his monthly Volvo truck payment to withdrawal from our personal account, along with the mortgage and household bills. I figured some of our monthly bills are tax deductible, so I assumed I should keep those bills together.
All of our monthly bills for home and business are assigned to a personal account which is funded by the business. Would this be correct, or does his monthly truck payment need to be assigned to the business account?
Thanks
Corporation vs LLC
Discussion in 'Ask An Owner Operator' started by LillyLoo, Jul 27, 2018.
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Page 6 of 6