Comments on: Business Credit Cards and Personal Liability http://www.clicktoprint.com/card-printing/free-business-cards/business-credit-cards-and-personal-liability Print Business Cards the Cheapest Form of Advertising Tue, 27 Jul 2010 08:35:23 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Flyby http://www.clicktoprint.com/card-printing/free-business-cards/business-credit-cards-and-personal-liability/comment-page-1#comment-232 Flyby Thu, 15 Oct 2009 11:38:59 +0000 http://www.clicktoprint.com/card-printing/free-business-cards/business-credit-cards-and-personal-liability#comment-232 Any money that is borrowed and that needs to be repaid is a liability. If the funds were borrowed personally and the company doesn't need to repay the money then it could be capital investment made by you.<br><b>References : </b><br> Any money that is borrowed and that needs to be repaid is a liability. If the funds were borrowed personally and the company doesn’t need to repay the money then it could be capital investment made by you.
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]]> By: kristopher http://www.clicktoprint.com/card-printing/free-business-cards/business-credit-cards-and-personal-liability/comment-page-1#comment-231 kristopher Thu, 15 Oct 2009 06:36:26 +0000 http://www.clicktoprint.com/card-printing/free-business-cards/business-credit-cards-and-personal-liability#comment-231 <b>Are personal credit cards used to start up a business considered capital or liability?</b><br>I contributed $90,000 to start a business by using personal lines of credit. My partner contributed $10500 of cash. He is telling me that since the lines of credit have interest applied to them that they are actually company liabilities and are not to be considered capital? How does this work? Are personal credit cards used to start up a business considered capital or liability?
I contributed $90,000 to start a business by using personal lines of credit. My partner contributed $10500 of cash. He is telling me that since the lines of credit have interest applied to them that they are actually company liabilities and are not to be considered capital? How does this work?

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