Do businesses (llc) need to keep their wallets separate from personal or is it enough to label utxos?
What is the natural progression of the business world transitioning to a Bitcoin standard?
We believe it is:
- Businesses (big and small) stacking Bitcoin for their balance sheets.
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Discussion
It’s ultimately up to the business, but proper UTXO management with clear labeling is essential. Labeling helps track which UTXOs belong to the business versus personal funds, but it demands careful attention to avoid errors—like spending a business UTXO in a personal transaction.
Freezing UTXOs, a feature many wallets now offer, can prevent such mistakes by locking specific outputs until needed.
That said, maintaining a separate wallet for the LLC is often simpler and safer. It eliminates the risk of co-mingling funds and reduces the chance of accidental errors, ensuring cleaner record keeping.