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Directly to IOLTA. Having unearned funds, or funds you’re holding for the benefit of someone else in any account other than the IOLTA is the very definition of commingling that will get you in trouble with the bar.
Exactly
When in any doubt: direct to IOLTA. NEVER pass Go.
Agreed x2. Never accept in biz account what should be iolta
Straight to IOLTA.
I have seen situations where mistakes where made, but quickly remedied. Just well document it, and usually there is a state oversight board you can notify of the mistake and the fix.
Thank you everyone! I was not planning on keeping it in the biz account, just accepting it and then moving it same day. My IOTLA is just being set up right now, I just started a month ago. But I will follow all the advise above and will wait until it is set up so it can go straight into the IOTLA. The last thing I want is an issue with the Bar when I just went solo.