uzoma24
7.56K
Posts
57
Followers
179
Following
uzoma24

Am a blogger and a fashion designer

Aba, Abia State, Nigeria. WA.

https://leofinance.io/profile/uzoma24

87.58%
Joined in 11, 2022
uzoma24
· 2. Mar 2024

Introduction.This topic is a very crucial one, especially for new business owners who are still inexperienced and yet to understand how to separate themselves from their business. This particular topic tends to affect so many other things, which may include; how to achieve work life balance, how to determine your remuneration as the owner of the business, how much tax you pay and how to manage your time. Treating Your Business Separate From Yourself.The following are the things that will help you treat your businesses as an entity.1. Your business is a legal entity.One of the the key aspects of separating a business from the owner is establishing the business as a legal entity by registering it with the 2. Separate your It is of almost importance for the a business owner to separate his finances from that of his business. You should maintain separate accounts and credit cards for yourself and your business. This is important because, mixing your finances with that of your business tends to complicate bookkeeping and brews confusing between business assets and that of the owner.3. Autonomy of decision-making.Granted, the owner of the business has significant influence on the decisions of the business, however, it is important that these decisions are made based on long term goals of the company, rather than to satisfy the personal preferences of the owner. 4. Professional relationships.Here, the owner's personal relationships and attitude should be different from that of his business. This is to make sure that the [business](ht

108
3
4.49
uzoma24
· 1. Mar 2024
84
1
2.36