Commingling of funds happens when you mix your personal income, like from your salary, with business income from sales in the same bank account. Stop 🛑 depositing business sales into your personal account! Stop Paying personal bills from your business account. Stop using one debit Visa or credit card for both business and personal expenses. Why this is problematic 👇 ⚠️ You can lose legal protection for your company. If your company is a limited liability company, it may seem like your company
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If you don’t use your business bank account, you can lose it 🥵 Remember to deposit business proceeds in your business bank account regularly. Use your account to accept bank transfers before you start working on projects for clients. Pay business expenses from your debit Visa card, if you received one when you opened your account. Now that you opened your business bank account, make it work for you! Use it consistently for it to stay active. If there is no activity in your account, it can go do
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