Sole Proprietor Business

[Scoop980]

So to be clear, as a sole proprietor,—— instead of depositing cash into the business account and then taking an owners draw, I can just keep it to use for personal expenses as long as it’s still recorded as income on my schedule C.?

[Bsch4477]

While you can do that, commingling personal and business funds is not a good way to conduct a business and if audited it would be harder to document your business activity.