Banking & Tools archivos

Can I Use My Personal Bank Account for My LLC?

September 9, 2026 by EarnerLedger

You may be able to use a personal bank account for some LLC transactions, but you should not assume your bank allows it. Federal tax treatment does not depend on whether you maintain a separate business checking account, while bank agreements, state law, bookkeeping, and liability considerations can all make financial separation important. The key … Read more

Do Freelancers Need a Separate Business Bank Account?

September 9, 2026September 8, 2026 by EarnerLedger

Most freelancers operating as sole proprietors are not subject to a single federal tax rule that requires a separate business checking account. The IRS does, however, recommend keeping business and personal banking separate because it makes recordkeeping much easier. For an LLC or other separate legal entity, maintaining separate finances becomes even more important. State … Read more