Never mix personal and business funds. Commingling funds "pierces the corporate veil," rendering your liability protection completely useless in a court of law. Legitimate Ways to Read Financial Classics for Free
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The PDF version of "Incorporate and Grow Rich" is a comprehensive guide that covers various topics related to incorporation and wealth creation. Some of the key areas covered include: Never mix personal and business funds
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The "corporate veil" is a legal barrier that separates your personal assets from your business liabilities. When a corporation is properly formed and maintained, creditors can only sue the business entity, leaving your personal home and bank accounts safe. 2. Choosing the Right Entity