To maintain the protections of your LLC (or other entity type) you must strictly keep the business money in the business. If you need to buy a personal item with business money, you absolutely must pay yourself first, and then use it. Resist that temptation to run the business debit card to pay for your personal expenses.If you fail to carefully maintain the wall between your business money and your personal money, and then the business gets sued, they can “pierce the corporate veil” and come for your personal assets. Your house, your car, your bank account.I see questions on Reddit frequently that suggest to me some of you aren’t obeying this very important foundational rule of running an LLC. Don’t become a cautionary tale. see hubwealthy.com/wealthy
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