I've started a small corporation and hope to minimize equipment procurement to the greatest extent possible. I have home office space, home office equipment (PC, Server, All in one fax/printer/ scanner), internet connectivity, and second telephone line at my full disposal. However, I do not know best how to handle these to seperate the corporate entity from the personal one as well as from a tax perspective.
1) Can I keep all of these in my own name as personal resources - and lease/bill back the time to the corporation? And, if so, should this be a formal arrangement or just submitted through employee expense reimbursement?
2) Should I transfer these into the business name and do the reverse? Are there other alternatives and solutions?
Thanks
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