Separating Business and Personal Finances

Rule number one. Mix your finances and you are asking for trouble.

Day 1: Open separate business checking. Get business debit card. Set up separate payment processing.

Why: Clean tax records, you can see if the business is profitable, audit protection, LLC status preservation.

Pay yourself: Transfer a set amount every two weeks. This forces discipline.

Accept all payment types: Square or similar is essential. Many clients do not carry cash.