Open a dedicated business bank account

A dedicated business bank account, entirely separate from personal finances, is both good financial hygiene and genuinely important for maintaining the legal liability protection your business entity is supposed to provide.

Commingling personal and business funds can actually undermine your entity liability protection in a real legal dispute, courts can pierce the corporate veil when finances are not genuinely kept separate.

How to do it

1. 1
   Confirm your entity and EIN are already in place

   Typically required to open a genuine business account.
2. 2
   Choose a bank and open the account

   Business banking requirements and available accounts vary by institution.
3. 3
   Route all business income and expenses through it exclusively

   The real value comes from genuine, consistent separation, not just having the account exist.