Why Using Personal Bank Account for Business Can Land You in Trouble

"Using your personal bank account for business might seem convenient, but it can lead to serious problems. In this video, you’ll discover:
Commingling funds and how it can cause accounting, tax, and audit headaches;
The risk of piercing the corporate veil, leaving your personal assets unprotected;
Account freezes or closures when banks detect business activity in a personal account;
Bookkeeping confusion, tax miscalculations, and a higher chance of audits;
How it damages credibility and professionalism with clients and partners.
If you want to avoid costly mistakes, keep your finances organized, and protect your business, this video is for you!
00:00 Flex Talks Intro
01:53 Commercial Law ️
02:31 Tax Regulations
03:10 Open Business Account
03:49 Legal Complications ️
#BusinessTips #SmallBusiness #Entrepreneurship #MoneyManagement #BusinessBankAccount #FinanceTips #AccountingTips #TaxTips #SmallBusinessAdvice #StartupTips"