Hi Reader!

You probably know I’m a big fan of keeping your personal and business finances separate.

I’m a big believer of this because:

• It makes tax time so much easier, because you automatically know if an expense is potentially tax deductible or not.
• It gives you a firm grasp of whether your business is making enough money to sustain itself.
• It helps you start thinking of your business as something other than yourself (which is VERY important on the legal side)

And these days with dozens of banks offering free business checking, you have no excuse to not have a business checking account. (I’ve used Novo for years and love them. You can use my code to open your account and we’ll both get $40!)

But even if you have a business bank account (or credit card), you might not have all your business expenses coming out of those accounts.

• Maybe a few years back, when you signed up for an annual license, you didn’t have the money in your business account to cover it, and every year you forget to change it over. (I just corrected that a few months ago.)
• Maybe you wanted points for a purchase and so you paid for a recurring charge with your personal credit card.
• Maybe you didn’t have your business card memorized (or stored in your devices) when you made a recurring purchase and intended to change it later but never did. (Also guilty of this one!)

This is why your assignment this week is to review your personal banking and credit card transactions and move one recurring transaction from your personal to business accounts.

This is even more critical for those of you with LLCs, because keeping your personal and LLC money separate is a legal requirement to keep your LLC fence strong. And mixing them up is the fastest and easiest way to punch holes in your fence.

👉 Your assignment: Move one business expense from your personal accounts to your business accounts.

I'll be sitting at my computer until about 9:30 AM Pacific and I'd love to help you celebrate when you are done or help you bust through any roadblocks you hit when completing this week's task. (And if you are reading this after then, please reply! I'll get back to you ASAP.)

Chat soon,

P.S. I’m gearing up for our next challenge inside the artist’s Courtyard! Which of these three challenges would most help your business?

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Other things on my radar...

• This AI art creator fought and won the Copyright Office to get a registration for his work, but it required extensive documentation. You can read what the Copyright Office required here.
• I mentioned a few weeks back that accessibility overlays aren’t going to protect your website. Here’s a good checklist for common areas that your website might be failing from an accessibility standpoint.
• Did you know that the first Disney character was a rabbit? It also was an important lesson for Walt Disney about the value of protecting your IP. Read how Disney lost Oswald the Rabbit here.​

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❤️ Easy to understand legal resources should be available to every creative, regardless of their financial situation. If one of my resources has helped you and you would like to say “thank you”, you can make a contribution here. ❤️