![]() ![]() Note that LLCs (See our state specific guides for California LLC , Texas LLC and Florida LLC ), partnerships, and corporations are legally required to have a separate bank account for business. And if you want funding down the line, from creditors or investors, strong business financial records can increase the likelihood of approvals. It also protects your personal assets in the unfortunate case of bankruptcy, lawsuits, or audits. Having a separate bank account keeps records distinct and will make life easier come tax time.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |