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New Member
posted Aug 22, 2025 1:13:52 PM

Which is the better option, Money market account in my business (S corp, sole owner) name or personal?

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1 Replies
Level 15
Aug 22, 2025 11:56:37 PM

keep your personal and business expenses separate. what type of account your s-corp has is irrelevant as long as it's in the name of the corp. 

try to avoid mixing business and personal expenses in one account. you will create a nightmare for yourself should you be audited.  This doesn't mean that you can't take distributions from your s-corp but it's best if the money goes into a personal account to pay personal expenses.