Keep these basic rules in mind when you work in and operate your business as a corporation:

You are an employee of the corporation.

The corporation is a legal entity separate from you.

The corporation is the business.

You can incur business expenses on behalf of the corporation.

The corporation may reimburse you for the business expenses you incur on behalf of the corporation.

Now, let’s say you incur expenses on behalf of your corporation, but you don’t seek reimbursement from the corporation. Obviously, the corporation ... Log in to view full article.