How to help clients maintain boundaries between personal and business interests

For many business-owning clients, the separation between their personal and commercial finances is far less defined than it appears on paper. Personal wealth is frequently tied up in corporate structures, family businesses, investment companies and property-holding vehicles. Money often moves between personal and business accounts with little formality, and clients use company assets privately without much thought. To many, this is simply part of running a business. But from a legal standpoint, this informality creates uncertainty about ownership, control and liability, uncertainty th...