My employer owns an LLC. He flips real estate. He has about 7 years of back taxes and because of this cannot open a personal account. He uses the business account for all of his expenses.
I know that this commingling is frowned upon, but not illegal. However, he accepts private loans for the properties and puts that into this account as well. Due to the commingling of funds is this a misuse of funds?
Also, he recently remodeled his kitchen and placed all
I know that this commingling is frowned upon, but not illegal. However, he accepts private loans for the properties and puts that into this account as well. Due to the commingling of funds is this a misuse of funds?
Also, he recently remodeled his kitchen and placed all