Legal Question in Business Law in Florida
Is commingling funds illegal in the state of Florida?
A signer on a business account I own is operating non-related business transactions out of this checking account.
Asked on 7/01/12, 4:21 pm
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
No. So long as the accounting and financial statements are accurate and the
"commingling of funds" does not affect such statements or tax returns, such
practice is not illegal.
Answered on 7/01/12, 4:38 pm
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