Many small business owners use a chunk (or all) of their personal funds to start their dream venture.
According to one source, 77% percent of small businesses finance their startup with personal funds. That means nearly three out of four business owners potentially have business and personal funds crossing paths.
If you fall into the majority, it might be in your company’s best interest to have a separate bank account for business.
You might be wondering, Do I need a separate bank account for my business? Read on to get all the answers to your burning questions about separating funds.