What To Do When Your Business Has No Money

business management getting started llc Sep 20, 2022

You need money to operate your business. But you've heard you can't just use your personal money to pay your business expenses if you have an LLC... so what do you do if your business just doesn't have quite enough?

In this episode, we talk about why you can't just pay your business expenses with your personal money and what you can do to give your business a cash injection when you need it.



Key Takeaways

  • Mixing your personal money and your business money is called "co-mingling funds" - don't do it.
  • If you don't treat your business money and your personal money as separate, a court can take down the liability protection of your LLC - the whole reason you have an LLC in the first place
  • If your business needs a cash injection, you can provide it from your personal money via a capital contribution or a loan


Resources Mentioned


Next Steps

Thank you so much for listening! If you enjoyed this episode, please reach out and let me know by sending me a DM on Instagram @artfulcontracts

Here are a few other steps you can take to support the podcast:



Watch the free masterclass

If you are an online business owner who’s ready to take the guesswork out of the legal aspects of your business, watch my free training to learn how to legally protect your online business without spending thousands of dollars on legal fees. Let’s get the legal stuff covered so you can grow your business with confidence.


Let's make legal easy.

You know you have to step up as the legal department for your business to protect everything you're working so hard to create. But you don't have to do it alone. Let's get you legally legit so you can build your business with confidence, knowing you've got it covered no matter what comes your way.