Should I Do Business as a Separate Business Entity?
A separate business entity is a business that’s legally and financially separate from its owners. A separate business entity has a separate bank account, with separate transactions and payroll for employees. Think of it as you and your business are two completely separate individuals. Before you choose what type of business entity, let’s talk about what is required and whether or not it’s the right choice. Should You Make Your Business a Separate Entity? The short answer is, yes. Even… Read More