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snugsss2
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I'm starting an online pet store. As sole proprietor is it possible to transfer funds from my business account to my personal account?

 
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I'm starting an online pet store. As sole proprietor is it possible to transfer funds from my business account to my personal account?

Of course ... draws are how you get paid as a sole prop.  

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I'm starting an online pet store. As sole proprietor is it possible to transfer funds from my business account to my personal account?

Of course ... draws are how you get paid as a sole prop.  

Carl
Level 15

I'm starting an online pet store. As sole proprietor is it possible to transfer funds from my business account to my personal account?

Removal of funds from the business account by the business owner are referred to as Owner's Draws. What you do with the money after withdrawal doesn't matter.

 

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