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Updated over 6 years ago on .

User Stats

5
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0
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Eric F.
  • Pullman, WA
0
Votes |
5
Posts

Policy Bundle for Sole Proprietorship?

Eric F.
  • Pullman, WA
Posted

I'm closing on my first property (SFR), starting a sole proprietorship, and getting insurance.

The article below mentions policy bundling (personal home, car, investment property, etc.) to save money. This sounds great but my initial instinct was to keep my personal separate from business. Do people frequently combine business & personal? If so, how do you keep bills/allocations separate when reporting expenses? Which account do you pay the bill from (personal or business?) and then reconcile?

https://www.biggerpockets.com/renewsblog/2014/02/1...