If you run a business, particularly one that isn’t operated as a sole proprietorship, you should be rather careful about commingling funds. Using business funds to pay for personal expenses could run afoul of the law, contracts, ethical, and fiduciary duties.
Even if you operate a sole proprietorship, you may want to follow the following advice, that way, when the time comes to grow, your business doesn’t have a questionable and difficult to understand financial history. It’ll also make life easier come tax time.
