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Looks like the EU is finally putting the hammer down on TikTok regarding child safety. A 6% revenue fine is absolutely massive and could really shake things up for the platform. Do you think these kinds of regulations actually protect kids, or is it just more bureaucracy?
Hey there,
Maybe I'm just overthinking this, but I can't seem to find a straight answer anywhere...
Is it actually okay to use a newly opened personal checking account for my sole proprietorship? Basically, an agent from the IRS told me I needed to get an account set up before I even officially received my business registration or tax ID. So, I've been running everything through this personal account for two months now... and suddenly, total panic mode has kicked in. To make matters worse, when I was at the bank, I told them exactly what I needed and the teller was just like, "Yeah, sure, that works fine." So, apparently, it's all good?
The thing is, I haven't used this account for anything other than business stuff. But if I eventually need a dedicated business account, what happens to the money sitting in this personal one?