It is crucial to note that many business founders, owners, and leaders frequently simply dip their hands into their company’s financial resources in an effort to impress church leaders and society. This is much to the dismay of their employees, who are unable to voice their complaints out of fear of being fired.
It is indeed prudent and ethical to differentiate between personal finances and business finances when it comes to the payment of tithes and the sowing of money to the church.
Using company funds for personal or religious expenses could be considered a misappropriation of resources and a breach of fiduciary duty to the shareholders or stakeholders of the company.
The Bible also supports the notion of maintaining integrity in financial matters and being responsible stewards of resources. Here are some relevant scriptures:
1. Proverbs 11:1: “The Lord detests dishonest scales, but accurate weights find favour with him.” This verse emphasizes the importance of honesty and integrity in financial transactions.
2. Proverbs 16:8: “Better a little with righteousness than much gain with injustice.” This verse reminds us that it is better to have less but maintain integrity rather than pursue wealth through unethical means.
3. 2 Corinthians 9:7: “Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” This verse encourages individuals to give willingly and from their own personal resources rather than relying on company funds.
By upholding the separation of personal and business finances, individuals demonstrate their commitment to maintaining transparency, accountability, and ethical conduct in financial matters.
Do not be deceived by any prophet or perceived man of God to misappropriate the funds of a company, even if you’re the sole or majority shareholder of the company.
It is advisable to give from the profit of the company, not from the working capital of the company. The said profit must be subjected to all tax obligations and the necessary depreciation mechanisms, as well as making provisions for expansion purposes. Any seed money or tithes to be paid out of company profit must also be subjected to approved budget by the board of the company.
“By wisdom a house is built, and by understanding it is established; by knowledge the rooms are filled with all precious and pleasant riches.”Proverbs 24:3-4 ESV
Giving in the house of God must not be done under any form of duress or coercion.
While some business owners may choose to donate a portion of their profits to their church or engage in corporate philanthropy as a way to give back, it is generally advisable to do so after ensuring the financial stability and success of the company. Prioritizing the company’s financial health and meeting business obligations is crucial before diverting funds to personal or religious endeavours.
Business owners and founders should make sure they are fairly compensated in accordance with the company’s regulations. The owner should establish his or her compensation, even if they are sole proprietorships.
This will make it possible for the company to more precisely track their income and expenses and, as a result, assess whether or not their firm is profitable. As a result, you are unable to randomly access the company’s income. With your income, you can do whatever you choose.
With the business’s income, however, you cannot do the same. The founder and owner are distinct legal persons from the company. Everyone must acknowledge and respect this. In the absence of such measures, you risk having careless and unreliable business founders and leaders who do not want to be held accountable. According to established standards and regulations, revenues and dividends ultimately benefit firm founders, owners, shareholders, and employees. Profits, dividends, and bonuses can be used however the recipients see fit.
Ultimately, seeking guidance from informed religious leaders and so with personal funds or profits earned by the company, after all financial obligations, expenses, and reinvestments have been taken care of. Indeed corporate tithes should only be paid from profits of the company, not from capital, of course with the requisite Board approval, just as companies do corporate social responsibility gestures.
This ensures that the business remains financially stable and operates with integrity while still allowing for personal giving based on individual beliefs and values. Considering professional advice from financial experts can help business owners navigate these ethical and biblical considerations to make informed decisions that align with your personal beliefs and values.
Thanks for reading. May God grant you The Spirit of Wisdom and Understanding so you will not become a victim of any charlatanic scheme or advert.
