Hey everyone!
So I have an s-corp for my consulting business. My wife is starting a jewelry business (not incorporated currently) and I'm paying for the start up costs as an outside investor might.
I would obviously love to add these as expenses through my business. Since we share personal bank accounts, it seems my business could legitimately be seen as an equity investor in her business.
Would that hold up? Can I add her start up costs in my ledger? Anything I should be aware of?
Thanks in advance!
Mitch
So I have an s-corp for my consulting business. My wife is starting a jewelry business (not incorporated currently) and I'm paying for the start up costs as an outside investor might.
I would obviously love to add these as expenses through my business. Since we share personal bank accounts, it seems my business could legitimately be seen as an equity investor in her business.
Would that hold up? Can I add her start up costs in my ledger? Anything I should be aware of?
Thanks in advance!
Mitch
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