Small Business Credit Card
A business credit card should always be the credit card you use when making business purchases. Transactions such as paying for gas in a company car, buying office supplies, or taking clients out for lunch are all acceptable ways for a small business credit card to be used.
When it comes to personal credit cards, you should not use it for business expenses. This can potentially jeopardize the protection of the corporate veil since you are co mingling funds. Did you know corporate veil piercing is the top litigated issue in corporate law today?
Click to continue …