"It's my company......"
'It's my company, so I can do what I like with company funds!' How many times have accountancy practitioners heard this sort of statement from a client who is the owner or co-owner of a small family company?
Many owners of small family businesses that have incorporated continue to consider that company funds are their own and they can do what they like with cash and assets. One trusts that competent accountants will soon disabuse them of this notion, as nothing is further from the truth.