Every dollar a client pays goes to the LLC's bank account.
Personal Venmo, personal Zelle, personal checking — all wrong. The LLC is a separate legal entity.
Money flowing to "April" instead of your LLC's account leaks the liability protection and makes tax time painful.
Square: confirm the deposit account is the LLC's business checking.
Cash: deposit to the LLC bank the same day. Log it.
Venmo/Zelle: redirect clients to Square, or use a business-linked account only.
30% of every payment moves to Tax Reserve the day it lands.
Self-employment tax + federal + SC state adds up to 25–35% of net profit.
The 30% rule means you'll never be caught short at tax time.
Open a separate savings account and name it "Tax Reserve."
Every time income hits the business account, transfer 30% immediately.
Don't touch it except to pay quarterly estimated taxes.