I recently created an LLC (with myself as the only member) and I have some initial costs (website, P.O. Box, etc.) that I need to finance. Can I pay for those out of my personal bank account or do I need to setup a bank account for the company, deposit personal funds into it, and then pay from the company bank account?
My understanding is that the separate company bank account helps with liability issues by showing that the company and individual are in fact separate entities.
I'm not sure if this is relevant, but the company is setup as a pass-through sole proprietorship for tax purposes. Since the profits and losses are addressed on my personal income, is there a need for a company bank account - at least in the early stages?