Keeping all transactions in business accounts with personal title

[Jeff Mills]

So I'll be making my first purchase soon and my goal is to keep all my expenses/income within my business bank accounts (separate from personal accounts) so I can more easily and accurately analyze the performance of my investments. I created an LLC but this first purchase will initially be under my name with the hope that I can transfer it to the LLC at a later time.

Is it ok for me to make any payments/purchases and receive any payments related to this investment with my business bank account even though the title will not be under the LLC yet?

[John Mocker]

Jeff,

You should consult with an Attorney who is familiar with this area of the law. I have been told by an Attorney that I trust that, in order to keep the protection of the LLC, you should keep all financial transactions of the LLC separate from your Personal Accounts.