CAN you use your personal bank account? Yes. There's no law that says you can't, especially as you're operating as sole proprietor.
SHOULD you? Absolutely not. If you're serious about being in business, get serious about accounting for your business expenses and transactions properly by having a separate business account.
It can also save you money on accounting fees, as you'll save your accountant time and frustration trying to parse out your business from your personal expenses.
Nina L. Kaufman is an award-winning business attorney, author and speaker. For more than 15 years, she has successfully navigated thousands of small businesses through the legal hurdles they face in starting and running their companies. Under her
AskTheBusinessLawyer.com brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and
LexAppeal weekly ezine.
