Opening a new business credit card · 🏠 Lower Taxes w/ Ryan

Opening a new business credit card

I was told that, we can open personal or business credit cards but use them vice versa as long as books are clean. Meaning, we can open a CC under our personal name and exclusively use it for a specific rental property's expenses, and vice versa, we can open a CC under our business name and use it for our personal property, IF we are renting out rooms (co-living, ADU, etc), as long as we have clean books and clear categorizations? Is this true and correct??

@Ryan Bakke, CPA

@Mason Kimball, CPA

@Kevin Medina, CPA, MBA

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