Go Back   The Finance Forums > Finance forums > Business Finance




Business Finance Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 11-06-2009, 09:22 PM
Junior Member
 
Join Date: Nov 2009
Location: USA
Posts: 1
Default Cash Flowing Business On Credit Card

I am 11% owner in a small boutique clothing store. My business partner does not have the score to get his own own credit. We used my credit to get a card about 2 years ago.
Since that time my business partner has been cash flowing the business off it. I'm not going into micro detail, but most of everything we purchase for the store goes on the card and it paid off as sales come in.
Questions:
  1. What are opinions on using this as a method of providing credit to our business?
  2. Anyone have experience on using my credit to cash flow the business entails me to more profits or percentage of ownership or is it just a necessary fact of being a SB owner.
  3. What agreement should we have in place with respect to the use of my card?
  4. What are other things I should be thinking about?
Thank you in advance.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



» Boards




All times are GMT +1. The time now is 12:28 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.5.1 ©2010, Crawlability, Inc.