As a single-member limited liability company (LLC) owner, it is crucial to understand how to use the “Owners Draw” to prevent commingling. The term Owners Draw refers to withdrawing profits or funds from your business for personal use. Commingling happens when you mix your personal and business finances, resulting in legal and financial problems. One of the main reasons for creating a single-member LLC is … Continue reading Keeping It Separate: How Single-Member LLC Owners Can Avoid Commingling with the “Owners Draw”