Can i pay corporate debt with personal monies?
Saturday, August 1st, 2009 at 1:17 am
Comments (1)
Kaptndrow asked:
I am trying to increase my new corporations’ credit score by moving some of my personal debt such as cell phone to my corporate account. If i pay this debt from my own pocket each month will i, or my corporation, be penalized, say tax wise, or any other way? This is a C corp.
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I am trying to increase my new corporations’ credit score by moving some of my personal debt such as cell phone to my corporate account. If i pay this debt from my own pocket each month will i, or my corporation, be penalized, say tax wise, or any other way? This is a C corp.
Website content
