Question

What is a benefit to separating his personal finances and his business finances?

potential qualification for business loans
accounting is more difficult
game development budget impacts his personal budget
account balance in the business account will stay low

Answer 1

[AI-generated answer — Bot GPT 3.5]

By separating his personal finances and his business finances, he can more easily track the financial performance of his business and make informed decisions. This separation also helps in properly allocating funds for business expenses and avoiding any confusion or mix-up between personal and business expenses. Additionally, having separate accounts can provide a clearer picture of the business's financial health, which can be beneficial when seeking business loans or partnerships.