Business Bank Account – Dispatches From The Front

It may seem easier to use your personal bank account for your new business; however, having a business bank account is a better idea. Here’s why.

A business bank account is used for business transactions only, like accepting payments from clients and paying employees and vendors.
Some businesses aren’t required to open a business bank account, but doing so offers many advantages, including – but not limited to – personal liability protection, fewer headaches at tax time, and a more professional image.
Finding the right bank isn’t difficult if you know what to look for and which questions to ask.
This story is for small business owners who want to understand why they should open a business bank account and how to choose the right type of account and bank.

Find out which documents and licenses you’ll need to bring with you when you apply for a business bank account.

To open a business bank account, you will need your articles of incorporation, employer identification number and personal identification documents.
You can set up a business checking and savings account.
A business bank account is necessary to keep your business and personal finances separate.
This article is for small business owners who are interested in opening a business bank account and want to know what they need to get started.

Business bank accounts help you manage your business finances in a professional manner and separate those funds from your personal finances. Opening a business bank account requires more effort than opening a personal account. There are documents to gather, names to be determined and licenses to get in order. Learn why you should have a business bank account and what you need to do to open one.

Tag: Business Bank Account

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