How to Ensure That Your Business and Your Personal Estate Stay Separate

If you're considering starting a small business, there's a very important step in the process that you want to make sure you take. Keeping your personal and company finances separate. The easiest way to do this is usually to register the company in a legal form in your area. In most cases, this legal form is what is known as a ‘legal person' and can therefore own assets, and have debts that are separate to your own. It's a good idea, when taking this step, to consult an attorney, who can advise you on which form is best for your business to take, and make the necessary applications or draw up documents. It's also important to do this before going into busines s with anyone, whether they're a friend, family member or acquaintance or not, so that each of you is protected, and have all your agreements on paper.