“Keep your corporation account separate out of your personal account. A lot of small businesses start with the personal credit of the proprietor to give the starting point. But it’s essential to have the discipline to separate the 2, to maintain observe of the move of funds — even when you must do a transfer of funds from private to business,” McLane says. “It’s essential to understand the norms of the trade,” McLane says, noting this, too, will help the businessperson understand the broader picture of what the business’s money requirements might be over time. Social media could be a …
