You've set up your LLC, you're running an established business, and things are moving along, but are your financial habits actually helping you grow and is your LLC protecting you the way you think it is? In this episode, Danielle Hayden, reformed corporate CFO and CEO of Kickstart Accounting, Inc., breaks down the five hidden mistakes that hold LLC owners back and shows you how to build the right habits to protect your business, pay yourself confidently, and prepare to scale into an S Corp when the time is right. Key Takeaways: Separate Your Business and Personal Finances: Mixing personal and business expenses can "pierce the corporate veil" and undo your legal protections. Keeping everything separate not only protects your assets, it also keeps your books clean and your numbers clear. Pay Yourself Intentionally with Owner's Draws: If you're not paying yourself regularly, it's easy to dip into business funds without realizing it. Taking consistent draws helps you stay disciplined and sets the foundation for switching to payroll when you become an S Corp. Save for Taxes Every Single Month: You pay taxes on your profits, not just what you take home. Setting aside 25–30% of your net income for taxes keeps you from being blindsided at tax time. Review Your Numbers Monthly: If you're not looking at your profit, cash flow, and expenses every month, you're running blind. Regular reviews help you catch errors, make smart decisions, and identify when it's time to level up to S Corp status. Keep Educating Yourself: Knowledge is power—and profit. Understanding deductions, tax rules, and best practices can save you thousands and help you confidently step into your CEO role. Topics Discussed: (00:00) Intro: What an LLC Is and Why It Matters for Your Taxes (02:32) Mistake 1: Co-Mingling Business and Personal Funds (03:40) Mistake 2: Not Taking Owner's Draws (03:24) Mistake 3: Not Saving for Taxes (05:16) Promo Break: Kickstart's "Check Your Books" Service (07:34) Mistake 4: Ignoring Your Numbers or Not Regularly Reviewing Financials (08:29) Deciding When to Elect for S Corp Status (09:04) Mistake 5: Not Educating Yourself (09:55) Real Life Client Success Story (11:12) Action Step: Audit Your Current Habits (11:47) Outro: Like, Share and Subscribe! Related Episodes: YouTube Playlist | Small Business Tax Tips: Deductions, Entity Types, 1099s, & IRS Strategies Ep. 189 – LLC vs. S Corp: Which Is Right for Your Business? Ep. 115 – Entrepreneurs: Should You Go S Corp? Pros & Cons + Expert Insight Resources: Check Your Books | kickstartaccountinginc.com/checkyourbooks Book a Call with Kickstart Accounting, Inc.: https://kickstartaccountinginc.com/book-a-call/ Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

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“What did the council decide on item 42?” — answered with the speaker and the moment.