19 Piercing the Corporate Veil Why Mixing Personal and Business Funds Is a Dangerous Mistake
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19 Piercing the Corporate Veil Why Mixing Personal and Business Funds Is a Dangerous Mistake
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About this listen
One small bookkeeping habit can quietly destroy your liability protection.
Many business owners unknowingly commingle personal and business funds, thinking it’s a minor convenience. In reality, this single mistake can pierce the corporate veil, expose personal assets to lawsuits, disallow tax deductions, and create serious accounting problems.
In this episode, we break down why financial separation is the foundation of asset protection, how commingling triggers legal and tax risks, and exactly how to fix mistakes if they’ve already happened.
If you own an LLC or corporation, this is an essential listen.
Disclaimer: The information shared in this podcast is for general educational purposes only and does not constitute legal, tax, financial, or accounting advice. Nothing discussed should be interpreted as specific guidance for your personal situation. Laws and regulations change, and the applicability of the concepts discussed may vary based on your individual circumstances. Before making any decisions, you should consult with a qualified professional who can provide advice tailored to your needs.
If you require personalized assistance, you may contact me at TaxAndMoneyMastery.com.
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