Technically from a banking perspective you can. But having all the money go through a us company is probably tax fraud in the eyes of the dominican republic.
First look at what types of accounts you re talking about.
How to transfer money from company account to personal account. It only takes a minute to sign up. I am accounting for business expenses paid with personal money. Personal finance money stack exchange is a question and answer site for people who want to be financially literate.
Right now it is a one time transaction but it may happen more frequently until i get a business credit card with rewards. Both my accounts are with chase. I just did a transfer of money from my business checking to my personal checking.
Switch to the account you want to send money from click on the currency you want to send click send and enter the amount create a recipient using the bank details for the account you re sending to. This is especially true if you have partners or other shareholders. If it is a direct transfer you run a large risk of being found to have pierced the corporate veil thereby making yourself personally liable for the debts of the.
Yes you generally can withdraw money but with limitations and consequences. You should be deliberate in your transfers. Banks will not stop you from any transactions that you execute in the scope of the legal acces.
I sometimes transfer money from my personal account to my business. I just added my personal account to quickbooks. If your business is a partnership corporation or llc you would have to treat the transfer as income to you.
You should deposit it into your personal account and then transfer it to your business account. If the requests pertain to a corporation ask yourself whether you think it would be advisable to allow an employee of some large corporation such as enron for example to be allowed to transfer funds from the business account to his personal account. I transferred money from my personal account but i don t see where i classify that as a loan from me to the company.
So i just make the online transfer to my bank account same bank. If the recipient can meet with you in person or wait until you can mail a check and then doesn t mind depositing the funds themselves you can also transfer money to them by writing a check or withdrawing the funds from your account at the bank or an atm and paying in cash. In fact unless the check is made out to cash you shouldn t be able to deposit a check made out to you into your business account.