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In the US context, of the company is an LLC then you can't just spend its money like it's yours without "piercing the veil" and jeopardizing your LLC status. B
by teachrdan 6y ago
In the US context, of the company is an LLC then you can't just spend its money like it's yours without "piercing the veil" and jeopardizing your LLC status.
But point taken! You don't have to answer to VC whose interests don't necessarily align with yours.
- stickfigure 6y ago> if the company is an LLC then you can't just spend its money like it's yours You can't spend out of the company's bank account, but you can take distributions from the company. At that point it's yours.