Why should business funds never be merged with personal funds?

[Min George]

One of the most popular business advices is, "Do not merge personal funds with business funds". Almost every business person has gotten that advise at one point or the other

What is the real reason that business funds should never be merged with personal funds?

 

[Trush Jodie]

So many people that tried to merge business funds with personal funds ended up using business funds to meet personal needs and the business drowned.

 

[King Belieal]

It is wise to separate business funds from personal funds on order to avoid spending the capital of the business instead, keep adding your personal money to grow the business.

 

[eLdavis]

When business funds is merged with personal funds, you end up spending it for personal reasons which would affect the business on the long run.

 

[Fidelia]

When you are in a fix in your personal life that you need money to solve, and you have business funds with you, nothing would make you not to use the business funds to solve that problem.

 

[Augusta]

You'll Lose Financial Clarity · It Could Hurt Your Borrowing Power ·