This is the worst type of set-up. This is a recipe for disaster and failure to come within a short 2 years. With lawsuits on the rise, you have a high probability of getting shut down after one dis-satisfied customer or one accident. Or, you may have avoided some pitfalls to only find you cant grow the company or get funding after 2 years of operating because the banks do not recognize your small business running under a personal social security number with your fictitious DBA filing for $15 at the court house a REAL business.
Wouldn’t it just be better to start the right way now? Getting the liability protection today BEFORE disaster hits and wipes your entire family’s savings out?
Wouldn’t it be better to start using another source of credit than tying up your personal credit for your business finances and expenses? Wouldn’t it be better to keep your personal credit available for a home purchase for your family and your business credit for your vehicles and computers?