Beginner 5 min
How to Separate Personal and Business Finances
Mixing personal and business money is one of the most common and costly mistakes. Separating it protects you legally and makes taxes easier.
Finance
Guide video
Claves para separar el dinero personal del de tu negocio
Open separate accounts
Use a dedicated bank account and, if possible, a card exclusively for the business. Never pay personal expenses from the business account.
Pay yourself a salary
Transfer a fixed amount to your personal account instead of taking money whenever you need it. That way you know how much the business really earns.
Set aside for taxes
Save 25% to 30% of your profit for taxes. It will save you from surprises at year-end.