Emergency funds are necessary for your business in case there are unexpected expenses. This will be very helpful when unexpected expenses come up and will help you keep the business running smoothly. Do not dip into an emergency fund if it is not necessary to do so, and when you do have to take money out of it, try to replace it as soon as possible.
Starting a business-specific checking account helps you to establish a solid paper trail for your business transactions. Make sure all business
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