A contractor mixing personal and business funds in one account risks:

a.A higher current ratio on the balance sheet
b.Losing the entity's liability shield
c.Automatic renewal of the CSLB licence held
d.A lower sales tax rate on the materials

Giải thích

Commingling personal and business money is one of the classic facts a court relies on to disregard a corporation or LLC and reach the owner's personal assets, and Corporations Code §17703.04(b) makes clear that the shield depends on the entity being treated as separate. The mixing also makes the records unreliable for tax and job costing. It does not improve the current ratio; it corrupts the figures that ratio is computed from. Licence renewal depends on fees and bonds, and sales tax rates are set by law.

Trích dẫn luật: Corp. Code §17703.04(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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