Business Checking Account for Startup Businesses
This is an easy one. Just walk into to just about any bank and ask to open a business checking account.
You will need the following:
- Paperwork you've received back from registering with the state
- Your EIN number
Why a business checking account? Because it's a "horribly bad idea" to commingle personal and business funds. See a rather amusing blog post at
http://blog.pappastax.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/
Considerations
Customer service is an important consideration. I'd recommend asking your local chamber of commerce if there's a bank they recommend. A bank that's active with a local chamber of commerce may be more customer service oriented. And a chamber of commerce will probably have heard the pros/cons of various banking alternatives.
Questions
Please post your questions on www.steps-to-starting-your-business.com/forums/
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