Finance

Why Business and Personal Funds Should Be Separate

min read
Opinions expressed by Entrepreneur contributors are their own.

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.

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