Don't Let Your LLC Protection Slip Away - Establish a Separate Bank Account!

💼 When forming an LLC, there is a corporate veil of protection that creates a limited liability for the owner. However, if the owner does not meet the requirements of the LLC, the corporate veil can be pierced. One of the most important requirements is to have a separate business bank account. This is to keep finances separate from the owner and prevents the commingling of funds.

Failing to maintain a separate bank account is a fast way to lose the LLC protection!

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