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Replying to @lolitsgucci as a sole proprietor in Canada, you should be keeping your personal and business finances completely separate ✅ That being said, with some eligible personal expenses (ie. a portion of your phone bill, utilities, etc) you may not be able to pay directly out of your business account. Here is an example of how I choose to record those expenses 👀 The most important part is making sure you have a receipt and record for proof of purchase. Always speak to an accountant or book
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Sole Proprietorship: Embark on your entrepreneurial journey with confidence! 🚀👩‍💼 A sole proprietorship is the simplest form of business ownership, where one individual owns and operates the business. With Wiggs CPA, discover the benefits and responsibilities of this structure, from easy setup to full control over decision-making. Let's navigate the path to business ownership together and turn your dreams into reality! 💼💡 #SoleProprietorship #BusinessOwnership #WiggsCPA
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