Any benefit for tax reasons?

[Steven Lalonde]

Hi,

I am wondering if there is any benefit to doing this, for tax implication.

From my soon to be refi, I will have $40,000. Should I transfer this cash into a business bank account? And if so, does this help me for tax reasons? I am on looking to purchase a property with this cash and operate all parts of the property through the business bank account. I am currently personal and looking into sole proprietor, will this benefit me?

Thanks,

Steve