Question about using a credit card to fund a business

iliketosavemoney

$ Saving Sixth Grader

Join Date: Jul 2012

Forum Posts: 56
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#1

Question about using a credit card to fund a business

11-12-2014, 02:56 PM

If I have an single owner LLC and want to add funds to it with my credit card, are there any tax implications? Or is it just the same as if I added funds with my checking account or cash?
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Stephen51

$ Saving Third Grader

Join Date: Nov 2014

Forum Posts: 17
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#2

11-18-2014, 11:59 PM

Funding your business with your credit card seems pretty risky to me, it might open you up to unlimited liability and may in fact ruin your credit score. Does LLP covers personal credit card?
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