I am a member of an LLC. The LLC has it's own checking account, however, sometimes the members purchase materials via their personal cash or...

Question

I am a member of an LLC. The LLC has it's own checking account, however, sometimes the members purchase materials via their personal cash or credit cards and are reimbursed by the LLC later. Does this activity reduce the personal liability protection provided by the LLC?

Answer

Merely getting reimbursed for purchasing items for the business does not nullify corporate veils, if the company is solvent.

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