ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Top Posters(30 Days)
Potseal 11
Recent Posts
201 volt equipment?
by bigpapa. 04/29/17 12:15 AM
Schneider LC1D09
by jraef. 04/28/17 11:05 PM
Permit Snafus...AHJs and Contractors Jump in
by sparky. 04/28/17 08:11 PM
Electrode boilers question
by annemarie1. 04/27/17 01:40 PM
Why cables look like they do
by LongRunner. 04/26/17 09:36 AM
New in the Gallery:
SE cable question
Popular Topics(Views)
234,928 Are you busy
169,735 Re: Forum
162,950 Need opinion
Who's Online Now
0 registered members (), 52 guests, and 8 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate This Thread
#183201 - 12/30/08 11:49 PM Credit Cards  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
As a new business, I am now - for the first time - being given a choice when I apply for a credit card .... personal, or commercial account?

Is there any advantage to one or the other? Do credit / lending laws differ?


Business, Office, Estimating, Legal:

#183202 - 12/31/08 12:21 AM Re: Credit Cards [Re: renosteinke]  
Trick440  Offline
Member
Joined: Aug 2005
Posts: 248
Waterford, MI, USA
I don't know. But I do know make sure you get something with 'Rewards' points, airline miles or something. I pay everything with them. Love getting free stuff.


Shake n Bake

#183204 - 12/31/08 01:30 AM Re: Credit Cards [Re: Trick440]  
sparkync  Offline
Member
Joined: Oct 2002
Posts: 817
NC
They told me at Lowes or Home Depot that the interest in better if it is a commercial account. I get 8.99% on one of my other business credit cards, if they haven't went up since my purchases:( Steve....


#183230 - 12/31/08 10:55 PM Re: Credit Cards [Re: sparkync]  
Jim M  Offline
Member
Joined: Aug 2001
Posts: 457
Chestertown, MD, USA
I am sure your accountant will tell you to keep the account comercial and to protect the corporate veil. Mixing funds and accounts is highly frowned upon by the IRS.



Member Spotlight
Posts: 362
Joined: April 2003
Show All Member Profiles 
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box
Powered by UBB.threads™ PHP Forum Software 7.6.0
Page Time: 0.013s Queries: 15 (0.003s) Memory: 0.7601 MB (Peak: 0.8918 MB) Zlib enabled. Server Time: 2017-04-29 11:25:48 UTC