Don’t Mix The Personal And The Business; Keeping Finances Separate

When you launched your business you might not have paid much attention to keeping your personal and business finances separate. If a vendor needed to be paid you grabbed the closest checkbook and wrote out a check, even if it was a personal account. It’s not a big deal since it’s all yours, right?

Wrong. Keeping personal and business finances separate is actually quite important. Here are the reasons why it matters, tips on keeping finances separate, and what to do if you’ve co-mingled funds in the past.

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