Business Finance Question - Commingle

[Kenneth LeBeau]

I'm a newer business owner with a recently set up LLC and I was wondering if I should be more careful about how I pay for things for the business. Sometimes I pay for things directly from one of my personal accounts even though I have a business checking account set up. Should I be transferring the money into the business account first and then paying for what I need? Does it really matter since I'm the only owner of the company?

Thanks in advance!

Kenneth

[Brandon Hall]

@Devan Mcclish

If you have a single member LLC and you are filing a business return, you should get a new CPA.

@Kenneth LeBeau avoid commingling as much as possible. Not only will it help in the liability aspect, but it's a best practice that should be implemented going forward. Good luck!