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Can I transfer funds directly from one business to another business bank a/c (both self owned )

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Prakhar

BUSINESSMAN

153 Points Posted on 14 February 2022

I solely own two different businesses A & B (pharma & automobiles),both having separate working and separate current bank a/c .

If funds are needed in business B, can I transfer directly from business A current a/c to business B current a/c ?

Replies (2)

Quick Summary

This discussion addresses whether an individual can directly transfer funds between the current bank accounts of two separate businesses they solely own. The consensus is that this is permissible with no issues. The response confirms that such transfers are allowed, allowing for seamless movement of capital between your own ventures.