Which is the best reason to separate business and personal bank accounts?

a.It is required before any building permit issues
b.It keeps records clean and the entity separate
c.It lowers the sales tax rate that applies
d.It doubles the contractor's licence bond amount

Giải thích

A separate business account documents income and expense cleanly for tax and job costing, and it keeps the corporation or LLC from commingling funds, which is one of the facts a court weighs before disregarding the entity's separate existence. Permits are issued on plans and code compliance and no bank account is inspected. Sales tax rates are set by statute and local measures. And the licence bond amount is fixed by B&P §7071.6 regardless of how the contractor banks.

Trích dẫn luật: Corp. Code §17701.04(b)

Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.

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Đội ngũ PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)
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