Comingling funds and LLC
Not asking for or expecting legal advice here, but I thought someone might know the answer to this.
If I create a new LLC to hold a property, I assume it might take some time to establish a credit card for business expenses in the LLC's name.
In the meantime, does that mean I have to use a checking account in the LLC's name for every property expense in order not to be considered comingling funds? What I'm getting at is I would like to avoid a situation where I run into HD to buy just $2.00 pack of screws and have to write a check for such trivial, one-off things.
Is there an easier and more efficient way of doing this, while that the same time being able to keep track of possible tax deductible items, and not worry about comingling issues?
Is the other option to fund the LLC and then just take a withdrawls of cash to pay for expenses? Thanks!