Is it legal to withdraw cash from my company account for personal use?

Hello

What is the type of the company?

Any withdrawal of amounts from the company must be made with the approval of the partners or according to the terms of the agreement between them.

But for personal use, you cannot.

Dear Client,

Thanks for your question! I hope you are doing well. I will definitely assist you in this matter.

Generally, withdrawing cash from your company's account for personal use or issuing a company check for personal property can have legal and financial implications.

The permissibility depends on your company's legal structure and agreements. It may complicate accounting, tax matters, and potentially lead to legal consequences.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

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Thanks & Regards,

ABDUL WAHIED

Dear Questioner,

If it's your own company, you may follow the procedure or policy of the company.

But proper bookkeeping should be maintained.