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  • Writer's pictureEmpoura

The WHY behind a business bank account

It is important to separate your personal from your business assets for a couple of reasons:

  1. In the event of a legal dispute, your personal assets will not be available to be considered as part of any settlement;

  2. It’s easier to track your spending;

  3. Your accountant can have an accurate picture of how much in taxes you owe.

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