<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by daniellam:
The charge would then be recorded as "Loan from Shareholder" on your business's books, and then be repaid to "you" with a cheque or by cash.</font>
And for some extra miles, you'd have the privilege of the business paying a transaction fee, and likely engaging an accountant to figure out the specifics of the "transaction" (remember a loan must have interest), not to mention the tricky issue of how to pay you interest if the business is actually losing money on the "loan." Good luck explaining this to your merchant processor (you could be blacklisted), other shareholders (why are you using this business as a personal miles conduit?), and to the IRS (what's the economic substance of the transaction?).
Sometimes people go way too far for miles.