(865) 357-7370 kim@sdp-planning.com

It’s a common mistake many owners make when they establish their businesses. Then they get busy, overwhelmed, or both, and they don’t fix it.

What is that mistake? Failing to establish separate business and personal bank accounts.

According to a new survey and white paper by Manta and Nav, nearly one in five business owners (17.71 percent) surveyed do not have separate personal and business bank accounts. More women than men reported not separating the two: 21.88 percent of women surveyed said they had not separated their business and personal bank accounts, compared to only 15.43 percent of male business owners.

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