Updated 3 months ago on . Most recent reply
LLC with a business checking account
I created an LLC for my rental property and applied for American express business checking account for it. However, Amex combined my personal banking and business checking under the same log in. I read online that I need to separate my personal and business finance to avoid the piercing of corporate veil. But is it ok to have personal and business accounts under the same log in?
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You're good Mary,
I have my business accounts under the same log in as my personal. As long as you manage the cash flow between accounts correctly (no commingling between business and personal accounts) you will be fine.