When you have a business to run, it is very important to make sure that finances are properly organized. One very important measure to take is to make sure that personal and business finances are kept separate. This is why a business checking account is always an excellent idea, and opening one is not rocket science - anybody can open one, all it takes is a trip to your bank.
The first step is to get and file a "Doing Business As" form, also called a DBA, with whichever county you are running it from. Rules and charges change depending on which county and which state you are from, but generally, your business must be registered under a name which should not be your first or last name.
The amount required to open a business account is also much higher than the amount to open a personal account. Check with several banks in your area to see what amount they require, what fees they charge and what services they provide. Fees to obtain business checks may be tax-deductible, so keep track and check with your accountant.
There will be expenses when you operate a business checking account and you will not earn much in terms of interest - so it is important to know how much and when you will be charged for different transactions.
It's always important to make sure that you are not overdrawn. Keep a meticulous record of your business checks. Make sure that you maintain a good relationship with your bank, and communicate often - after all, it will be in their interest, too, to make sure that your business grows and prospers. - 15432
The first step is to get and file a "Doing Business As" form, also called a DBA, with whichever county you are running it from. Rules and charges change depending on which county and which state you are from, but generally, your business must be registered under a name which should not be your first or last name.
The amount required to open a business account is also much higher than the amount to open a personal account. Check with several banks in your area to see what amount they require, what fees they charge and what services they provide. Fees to obtain business checks may be tax-deductible, so keep track and check with your accountant.
There will be expenses when you operate a business checking account and you will not earn much in terms of interest - so it is important to know how much and when you will be charged for different transactions.
It's always important to make sure that you are not overdrawn. Keep a meticulous record of your business checks. Make sure that you maintain a good relationship with your bank, and communicate often - after all, it will be in their interest, too, to make sure that your business grows and prospers. - 15432
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