How do I properly separate personal and business assets?

How to Properly Separate Assets

True separation requires more than just separate bank accounts. It means:

1. Correct Titling: All assets (real estate, vehicles, bank accounts) must be legally titled in the name of the correct entity or trust.
2. Meticulous Records: Maintaining clean books that respect the legal distinction between entities.
3. No Commingling: Never using business funds for personal expenses, or vice versa, without proper documentation like a distribution or loan.