When it comes to running your small business, you may feel tempted to dump all your business expenses and earnings into your personal checking account for the sake of convenience. You’re a busy entrepreneur with a ton of information to track — why bother adding to the load by keeping separate checking accounts? It turns out there are plenty of reasons to draw a bright line between your personal and business finances, including your checking accounts. Below, CNBC Select breaks down these benefits and explains how to set up your business checking account. What we’ll cover Simplify your tax process If you think commingling your business and personal funds in the same checking account will
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