Mark Kohler compares separate business bank accounts to drawers in a dresser: they keep your finances organized and make bookkeeping simpler. The setup takes work, but the time you save later makes it worth it.
A lot of people are like, mark, you have so many entities, all these bank accounts. And I go, hey, how would it be to go into your bedroom and not have a chest of drawers? All your underwear, your T shirts, your jeans are on the floor. Well, Mark, I don't want to put them in drawers. You know, the drawers set you free. You walk into your bedroom, everything's organized. Well, I don't want to go to IKEA and get a chest of drawers. You know what? In the long run, it's going to save you a lot of time. So when you have more bank accounts, think of them of chest of drawers for accounting for your different business operations. You'll get used to it. It'll save you, and it's worth it.
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