Personal credit for business purchases
Can I use personal credit cards to make business purchases for my home-based business?
The simple answer is yes, you can use a personal credit card, or a personal check for that matter, to make a purchase for you business. Frankly, in the early days, you'll have to do this, because your business hasn't established credit.
But you must establish practices and keep good records. Don't commingle private purchases with business purchases, for example. The IRS takes an especially sour view of commingling.
Once you establish credit for your business, that'll be the end of the commingling.
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Related Categories: Accounting, Finance, Taxes, Banking, Business Planning, Cash Managment, Credit, Entrepreneurship, Home-Based Business
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