> This is true about all formal business structures. They should always be separate from your personal finances. This is more than "should." In an LLC, co-min

> This is true about all formal business structures. They should always be separate from your personal finances. This is more than "should." In an LLC, co-mingling finances can expose you to personal liability, which can result in personal financial disaster if you get sued. > LLCs do not require the record keeping that corps require We're both sort-of wrong on this one: the LLC record-keeping burden is far lower than a corporation, but the burden is not strictly limited to your list: http://www.nolo.com/legal-encyclopedia/llc-record-keeping-rules.html http://www.nolo.com/legal-encyclopedia/llc-record-keeping-ru... ...in general, the law is much more complicated than one would expect. If you want to be safe, you should either be spending time reading NOLO's documentation or money paying a lawyer.