A. potential qualification for business loans
Separating personal and business finances can make it easier for Laurent to demonstrate the financial health of his business when applying for business loans, as lenders will be able to clearly see the financial status of the business without any personal finances intertwined.
Laurent is starting his own game development business. What is a benefit to separating his personal finances and his business finances?
A. potential qualification for business loans
B. accounting is more difficult
C. game development budget impacts his personal budget
D. account balance in the business account will stay low
1 answer
1 answer