Better to keep most money in Personal or S-Corp account?
June 11, 2013 12:39 PM Subscribe
My friend and I were talking the other day about the best way to arrange his personal and corporate accounts for his Corporation he formed to write and direct under. There are no employees and overhead is small to nothing. He says he feels better having the majority of his money in the corporate account in case he gets sued, but isn't that why most people DONT have all their money is that account? I thought most people in his situation started an s-corp to protect and keep their personal assets safe. Am I wrong?