LLC and paying for IM services for business expenses?

6 replies
For those doing Affiliate/Internet marketing and with a single-member LLC, how do you pay for your expenses?

Do you guys use your business debit (business checking account) or credit card for PPC campaigns, paying for services

Or, do you use your personal checking or credit card?

When you guys buy WSO, pay for eBooks, IM courses, SEO/writing/programming services -- do most pay using their business debit/credit card or just personal credit card? And if it's through paypal -- is it connected with a business account or just your personal account?
#business #expenses #llc #paying #services
  • Profile picture of the author Mark Brian
    I use a separate card and bank account for business, it's simpler to manage that way.
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    • Profile picture of the author Keith Gilbert
      If you are a sole proprietor or LLC, you should ALWAYS put your business expenses on a separate business card/bank account, not from your personal account.
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      • Profile picture of the author leclaims
        Everything is kept separate, that way there is no question about what is and what isn't business related.
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  • Profile picture of the author kindsvater
    Originally Posted by excoder01 View Post

    For those doing Affiliate/Internet marketing and with a single-member LLC, how do you pay for your expenses?

    Do you guys use your business debit (business checking account) or credit card for PPC campaigns, paying for services

    Or, do you use your personal checking or credit card?
    I cannot think of any reason to use your personal checking or credit card.

    If you're low on business funds, try and advance money to your business account from your personal account, then pay for the expenses from your business account.
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  • Profile picture of the author mr2monster
    I'll echo everything that everyone else has already said.

    Always use your business to buy business stuff...

    I'm no lawyer, but from what I understand, when you use personal funds to buy tools and fund operation costs of an LLC or corp, it makes it REALLY easy to pierce the corporate "shield" in a lawsuit, making you personally liable for any damages should you get sued. Essentially making the entity pointless pretty much.


    Again, I'm not an attorney, I just know a guy that had that happen to him.
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  • Profile picture of the author IMChick
    keep business funds and expenses completely separate from personal accounts. if you need a business credit card, advance funds and purchase a prepaid visa like the ones sold in the drugstores.

    If you're asking about start-up capital and starting expenses, keep track of what comes out of your personal account and expenses it to the LLC the first opportunity you get. These starting expenses are things like attorney fees, state registration fees, bank checks, and maybe one or two others. They are not supplies and recurring fees like internet, phones, etc. Those belong on the LLC side.

    Be careful about the new business credit cards being offered to small businesses as 'select' or 'preferred' as they are not subject to the consumer credit protections in the new legislation.
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