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 startup’s credit cards and accounts. Even if you are going to miss out on points or convenience, it’s a bad idea to commingle.

This is a thing that the IRS would look at if they ever audit your startup. So you don’t want money moving back and forth and getting mixed up between a personal and business expense.

It will also make accounting a lot harder. And heaven forbid something looks off to one of your venture capital investors; you don’t want anyone to ever doubt that you are doing the right thing for the startup’s finances. Even if you are not doing anything odd, introducing doubt is a bad idea. 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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