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Updated about 5 years ago on . Most recent reply

User Stats

14
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2
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Benjamin Poole
  • Sydney, New South Wales
2
Votes |
14
Posts

Personal or Business Credit Card

Benjamin Poole
  • Sydney, New South Wales
Posted

I am wondering what the advantages (if any) people are finding using a business card applied for through their LLC over using a personal card dedicated to business purchases.

Does using a personal card make my personal asset more prone to litigation and remove some of the protection afforded by an LLC?

What other advantages or disadvantages to going either route have you found? If you open a new LLC for each house purchase, does that create a problem for you if you've opened up a credit card through one of the LLC's?

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