I just need to clear one thing now: considering I incorporate in the US, how do I manage to "pay myself and my co-founder"? I mean bills, common expenses, rent, food, etc? Can I transfer company revenue to a personal account? I know it is bad to mix personal/company cash flow, but is it ok/acceptable to use a corporate credit card?
I know that this is not something to worry enough to make me lose my sleep, I am just curious about how things are handled fiscally and in terms of accounting.
I just need to clear one thing now: considering I incorporate in the US, how do I manage to "pay myself and my co-founder"? I mean bills, common expenses, rent, food, etc? Can I transfer company revenue to a personal account? I know it is bad to mix personal/company cash flow, but is it ok/acceptable to use a corporate credit card?
I know that this is not something to worry enough to make me lose my sleep, I am just curious about how things are handled fiscally and in terms of accounting.
* edit: Removed the "pre" formatting. Sorry.