Many small businesses use the owners personal checking account for all of their business transactions. This can cause problems when it comes time to balance the books, pay taxes, and create an bookkeeping nightmare. Piercing the Corporate Veil Another, perhaps more critical consideration is that using a personal account for business has the potential of […]
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Let’s talk briefly about a business best practice that I’ve encountered numerous times… keeping business and personal finances separate. There are some serious consequences but more importantly, there are some fantastic benefits of following this best practice. I don’t think a single one of us started a business to have it run us into the […]
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