Quote Originally Posted by egoldber View Post
Oh goodness, yes! Anything for his business should be in a separate account. DH keeps a separate bank account and he has a business VISA.

Do they have it filed as an LLC?

DH keeps one bin just for "tax documents", a bin for "other documents", and a bin for "XYZ LLC documents". It's not perfect, but at least everything is separate.

Are they using Quickbooks? How are they managing the business receipts and expenditures?

So far it's been as indep. contractor as DH isn't always working with his friend, his doing some things on his own. So they're not quite in business with each other yet. I will though encourage DH to pay for his equipment/travel expenses on one card.