When starting up, it might be easy to use a personal bank account to fund a budding business. But, legally, it might not be a wise idea. Attorney Nina Kaufman says each state in the U.S. has strict laws about co-mingling personal and business funds. Keeping your money separate can also help reduce suspicion of fraud, she says.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.