You lose the LLC protections unless you follow the rules

An LLC only protects you from personal liability if you follow three rules: get an EIN from the IRS, open a separate business bank account with it, and never mix business and personal money. Commingling assets can void your protection entirely.
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Your LLC is practically pointless when it comes to personal liability protections unless you follow these steps. The first step is to have an EIN tax number. This is something you get from the IRS's website and it's completely free. This number is what you'll need in order to open up the business bank account, which is what's required when you have an LLC. Without the business bank account, your LLC is practically pointless and does not provide you with personal liability protections. It's important to make sure that you keep business accounts and personal accounts separate, so anything that the business makes or spends should come in and out of the business bank account. It should not come in or out of your personal bank account. If you mess this up, it's called commingling your personal assets with your business assets, and it could remove the liability protections that the LLC provides to you. So make sure that you get a separate business bank account for your LLC. Thanks, and follow me for more business-related tips.
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