Separate your Business and Personal Accounts
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This is Part II of the Delaware LLC series. Start series here.

In order to protect your personal assets, it’s vital to separate your personal money, expenses, and debt from those of your business, or you may forfeit the legal protections that LLCs and corporations offer.



My first startup involved hosting websites and offering email accounts to users, so I had to set up an email server and programmatically add/remove email accounts, filter spam, and knock it with a wrench then mail got stuck in its innards.
I don’t speak much about raising capital at Startup Next Door. For goodness’ sake, the tagline is “Venture without Capital”. But Wednesday night I spoke with a gentleman who had been involved in a few startups (most of them huge), and who has raised funds and is currently raising funds for another ambitious startup. In speaking with him about a business idea and how to raise funds, his advice was to create a story about what you are trying to accomplish, and a part of that story MUST involve making money. That old chestnut – the business model.
Back in my first startup where we were accepting credit cards, we purchased an SSL certificate in order to assure our customers that their credit card information was being transmitted securely.