​What to do with excess cash in business bank account?

So I’ve started to accumulate a decent amount of surplus cash in my business bank account (more than 6 months reserves) and I’m wondering if there is something I should be doing with it rather than just sitting?

Just this year I opened up an LLC investment account but have only sparingly been putting money in there because I’m not to sure of the taxes/legality side of it. Idk if I can just randomly drop 10k + into it. I also pay myself very sparingly and don’t have much overhead so it doesn’t take long to start accumulating more.

Some other ideas I’ve been thinking is transferring it into a HYSA maybe? Or just keep putting money into the business? I’m in the automotive industry and am pretty set with tools and equipment and to be honest I have a really bad habit of not spending money on things unless I 100% need them so it’s easy for me to save!

Any tips please let me know! I feel like my bad habit of hoarding cash is holding me back in some way. Also if anyone has recommendations of someone I can talk to in person. I’ve been debating asking my accountant but we aren’t very close and he really only does my taxes. I’m also thinking about contacting fidelity aswell. Who should I go to to answer these questions?

submitted by /u/Objective-Physics851
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