Quote Quoting zx7ninja
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No comingling of funds, only deposits from business, and profits used to pay our bills. Which was the entire purpose of the business.
But the problem is that using a personal account for your business funds breaks the distinction between you and the LLC which puts at risk the limited liability protection the LLC form of business provides. Doing that provides great ammunition to a creditor of the LLC to sue you personally for the debt. You also expose the funds in that account to your personal creditors, which is a disadvantage to the business and to your partner, and I would say likely violates your fiduciary obligation to the LLC and to your partner. You really ought to put that money in a LLC bank account and terminate the personal account to remedy these issues.