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Tax, SDIRAs & Cost Segregation

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Bienes Raices
  • Orlando, FL
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Paying personal credit card bill with LLC check

Bienes Raices
  • Orlando, FL
Posted Jan 1 2013, 11:22

I'm getting my tenant credit reports, etc. from a company called Quick Check. Quick Check does not have technical capability to have more than one user credit cards on file so that the user can charge different reports to different cards. This was fine while I only had properties in my own name but now I also have one owned by an LLC. But the credit card I have on file is my personal one.

I was initially told to pay for the credit reports with the personal card and then submit an expense report to the LLC and get reimbursed by the LLC. However, someone else has suggested just paying the personal credit card bill (once it arrives in the mail) with an LLC check. I don't use that particular credit card for anything but rental expenses.

So would this be a safer way to do it? Could I skip the expense reports if I do it this way?

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