Can a Startup CEO use the Company Credit Card for a Big Personal Purchase if the CEO will Reimburse the Company?

Kruze Consulting Startup Q&A Author
Vanessa Kruze
Founder, CPA

No. Don’t commingle personal funds and credit cards with the company’s credit cards and accounts. Even if you are going to miss out on points or convenience, it’s a bad idea to commingle.

The first thing the IRS does is look at cash going back and forth between company and founder. Startups usually don’t get audited right away, but you’re creating a pattern of intermingling and that will not reflect well on you and the company.

Remember that as CEO, you are a fiduciary for your investors’ capital and the business. Don’t put the business at risk.

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