What entrepreneurs should know about their finances

01/9/2013 | Entrepreneur online

One thing entrepreneurs might not realize is that their personal credit ratings can be affected in certain situations involving their business finances. "Keep yourself from being personally obligated to the business' debts as much as possible," advises Bill Collier, author of "How to Succeed as a Small Business Owner ... and Still Have a Life." It's also important to have diversified investments and select the proper business entity for organizing your company.

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