is it okay to transfer some savings into a business bank account to pay for business expenses?
I am a sole trader. My business is being funded with my savings to begin with. Is it okay for me to transfer some savings into the business bank account to pay for the business expenses? Also, will it matter which savings account I use to transfer from? Thanks in advance.
Yes it's perfectly alright, but make sure the funds are recorded as being Capital Introduced. Doesn't matter where the funds come from.
