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Yes, you can use your personal bank account for your LLC, but it is not advisable.
Although it is not specifically required by law, using a personal bank account for LLC instead of a corporate one may result in indirect consequences such as losing limited liability protection and "unintentional" tax evasion.
An LLC is a pass-through entity, thus as the owner, it is your responsibility to calculate and pay the taxes in compliance with the law. When personal finances are included in the bookkeeping process, it is hard for you to clarify your personal transactions with your LLC’s transactions.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.
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