Fot those of you who own your own business. Do you a business checking account to keep your personal seperate? Also do you file seperately from your husband at tax time to make it easier or just file together?
Asked by Anonymous at 1:27 PM on Dec. 13, 2010 in Money & Work
Answer by Mom2Jack04 at 2:07 PM on Dec. 13, 2010
Answer by vicesix at 1:39 PM on Dec. 13, 2010
It depends on what type of business you legally are. If you are a sole proprietorship or a partnership, you can have a shared checking account. If, however, you are an LLC or a corporation, you are legally obligated to have a seperate bank account for both personal and business.
We file jointly. It's easier that way because the business has a seperate return.
If you need help running your business, I invite you to join my Cafemom business networking and support group and ask your questions there.
Answer by HotMama330 at 4:19 PM on Dec. 13, 2010
Answer by wellnessgirl at 6:38 PM on Dec. 13, 2010
Answer by rkoloms at 9:42 PM on Dec. 15, 2010