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I recently formed a multi-member LLC, opened its bank account and have its debit/credit cards.

To buy inventories for the business, I logged into eBay/Amazon using my personal account, and then bought some stuff using the LLC's debit/credit cards.

So, the payment is done through the LLC, but the order itself is placed under my personal account.

Is this allowed? I vaguely feel like the best practice is to create a merchant account under the business's name and deal with everything there. But as long as financial transactions are completely separated from my personal ones, the means through which the transactions occur shouldn't matter.

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    I’m voting to close this question because it belongs on money.stackexchange.com Mar 22, 2023 at 13:59
  • @BlueDogRanch that is not a valid close reason! Mar 22, 2023 at 21:53
  • I would argue that it doesn't belong on Money.SE, which seems to focus more on financial literacy and strategy. OP seems focused on what is legally permissible, which is obviously on topic here.
    – bdb484
    Mar 22, 2023 at 23:27
  • Of course, OP is also asking for legal advice, so that would be a more valid VTC.
    – bdb484
    Mar 22, 2023 at 23:27
  • Some online merchants require a separate account for making purchases that are not subject to sales tax. Inventory for a business might not be subject to sales tax. PurplePenguin should look into this. Mar 23, 2023 at 17:26

1 Answer 1

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You can buy things however you want, but cash outlays from the business should be from business accounts, which you have done. No one cares what Amazon or eBay account you used to place the orders. You won't find anywhere in your accounting software (or physical ledger book if you do it that way) a place to enter which account you used to place an order. You just need the amount, purpose, and receipt.

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    This is exactly what I wanted to make sure. Thank you very much. It's now getting clearer for me. Thanks much! Mar 26, 2023 at 0:02

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