Even when you are a solopreneur or freelancer, sole associate and administrator of the SRL, the company’s money and resources are not confused with your own resources. If you have no employees or partners, this does not mean that everything the company produces is yours, nor that everything you own is available to the business.

To use personal resources in the interests of the company, you must always consider a legal transfer of rights and obligations between you and the company, and to collect money from the company’s accounts to personal accounts, an economic report is documented. (i.e. supporting documents are made, usually with the support of the accountant)

What does personal resources used in the interest of the company mean?

Personal resources used in the interest of the company are all the goods you choose to make available to the business, in order for it to develop: the registered office , car, laptop, phone, subscriptions to various online platforms, etc. All this has a cost and it is to your advantage to calculate this cost and analyze whether you should not sell these goods to the SRL or rent the right to use them. This transfer of rights and obligations (yes, you can ask the company to maintain the office you rent) will be materialized through contracts and actual payments.

How does my money get to the company?

At the beginning of the activity, you probably deposited a share capital that did not cover your need for financing. That is why, together with your accountant and/or lawyer, you made a credit agreement and sent money to the company as a loan.

• The money you once lent to the company can be recovered at any time by bank transfer. If the loan is interest-free, then you will not pay taxes on collection.
• When you make expenses for the company, you can pay directly from its accounts or you can pay with your card and get your money back later. Talk to your accountant or keep track of the amounts you have to recover yourself. The money you spent for the company can be recovered immediately, just like in the case of the interest-free loan, no fees and taxes are paid on these amounts.

Your money reaches the company either when you lend it, or when you make expenses for it from your own funds. In order to separate company money from personal money, it is first necessary to have the understanding that we always carry 2 wallets (virtually speaking) and that we need to know when we have moved amounts from one wallet to another. Every time we move this money, there is either an economic movement or one that also has legal implications and is manifested through contracts. About the actual settlement flow with the company, find more details here: https://greenbooks.ro/how-can-i-get-my-money-out-of-my-romanian-company/?lang=en