Purchase Transaction: Use Biz Bank Account or Personal?
Hi all, very tactical question here. I have a small deal closing next week. No banks involved, it's entirely privately funded. The funds are currently consolidated in a personal bank account, and I have already opened a new business checking account for the acquiring LLC. Is there any legal/accounting/etc reason I should move the money to the new business bank account and pay the seller at closing from there, vs performing the transaction out of a personal account? Does it even matter? Thanks!