2 ms·
If you do this, there's a good chance you're throwing away the main benefit of having a corporation! Specifically, "intermingling of assets of the corporation
by csense 14y ago
If you do this, there's a good chance you're throwing away the main benefit of having a corporation!
Specifically, "intermingling of assets of the corporation and of the shareholder" [1] is a reason that can be used in court by creditor(s) of your business to hold you personally liable for its debts.
[1] http://en.wikipedia.org/wiki/Piercing_the_corporate_veil#United_States http://en.wikipedia.org/wiki/Piercing_the_corporate_veil#Uni...