The idea is to be able to prove to the IRS and anyone else that might care that your finances are totally separate. Our accountant strongly recommended this when we set up an LLC a few years ago.
Make sure you do your LLC banking at a different bank than your personal checking account.
I went to a health insurance broker who helped find the best plan for IRS section 105.
The idea is to be able to prove to the IRS and anyone else that might care that your finances are totally separate. Our accountant strongly recommended this when we set up an LLC a few years ago.
Make sure you do your LLC banking at a different bank than your personal checking account.
I went to a health insurance broker who helped find the best plan for IRS section 105.