If you’re a passionate entrepreneur with a great service and happy customers, the problem might not be you—it might be your financial systems.💸 It’s time for a Finance MakeOver. We’ll give you the roadmap, tools, and simple strategies to turn your cash-eating business into a lean, green profit machine. Connect with Me.
Co-mingling could kill your business
|
Hi Reader, As many of you know, I own a short-term rental business in Lake Arrowhead, California — we own a big, beautiful home we host for family reunions, birthdays, events, and even church retreats. 🏔️🏡 This week, a property manager friend called me asking about insurance for her cleaning company. Totally valid question — but as we talked, I realized something that stopped me cold… She had formed an LLC over a year ago for liability protection — but all of her income and expenses were still running through her PERSONAL bank account. Which means your LLC was protecting ABSOLUTELY nothing!!! Because legally… If your business money flows through your personal bank account, No separation. And this part matters: ⚠️ Insurance does NOT fix that problem. Insurance pays claims — but it does not protect your personal assets if your business and personal money are commingled. (YES that is a word! ) If something goes wrong, lawyers don’t stop at your business — they can come after:
I told her, “Insurance is important — but first, we have to fix your banking.” And if any part of her story sounds familiar to you… 👉 Now is the time to get a REAL business bank account. That’s why I recommend Relay: ✅ Free to open 👉 Open your FREE Relay business account here: Once your business income flows into Relay, your LLC protection finally has teeth. No more co-mingling. 👉 Get it set up today: This is one of the most important steps you can take to protect your future. Don’t do it tomorrow - do it now!
|
Finance MakeOver
If you’re a passionate entrepreneur with a great service and happy customers, the problem might not be you—it might be your financial systems.💸 It’s time for a Finance MakeOver. We’ll give you the roadmap, tools, and simple strategies to turn your cash-eating business into a lean, green profit machine. Connect with Me.
Hi Reader, Okay — if you’re reading this, I’m going to assume you either:*** Already opened your Relay account (🎉), or*** You’re about to… because it takes less than 10 minutes. Seriously — you only need: Your EIN Your driver’s license Ownership percentages No long appointments.No endless paperwork.No “bring your firstborn” requirements like Chase. 😅 If you haven’t opened Relay yet, do that first (it’s the easiest part):https://app.relayfi.com/v3/register?referralcode=finance-makeover Now for...
Hi Reader, Karen here — coming to you from our new home in Utah! 🏠We’ve been here about 5–7 weeks now, and we really love it. The neighbors have been kind, our church community has been incredibly welcoming, and it’s already starting to feel like home. But let me confess something… Even though the house was move-in ready, little things I want to “fix” keep popping up — and my first instinct? Spend the money now.Make it pretty now.Don’t look at my envelopes. Don’t check the budget. Just get it...
Dear Reader,I’m buried in boxes, bubble wrap, and packing tape this week because…we’re officially moving to Utah! 🏡✨ Our movers have been amazing — they literally rolled out the red carpet to protect the floors (I love that touch!). We leave this week and move in on the 13th, so it’s all hands on deck here. I’ll be back in your inbox next week once we’re settled into our new home and ready for our next Finance MakeOver adventure from Utah! 💜 Until then, wish me luck with the boxes 😅...