Business Bank Account Legalzoom

Create your company with us and you ll nab 12 months of free banking plus 50 cashback.

Business bank account legalzoom. Ok there s a lot of paperwork involved but it s worth it. It keeps your personal and business finances separate and if you re a limited company it keeps you from being personally responsible for unsecured business debts. Whether it s to deposit a customer s check or pay for a business expense you re going to need to set up a business bank account in your limited liability company s llc s name it may seem like a hassle especially in the early days of running your business when things are hectic and you re trying to keep both feet on the ground while keeping up with all the new demands that a new.

We ve teamed up with barclays and cashplus to make sure that you re set up with the right type of account for your business. Because the fees can easily amount to hundreds of dollars a year it pays to shop around. Establishing a bank account for your corporation is an important step in creating a separation between private and business assets and is critical for establishing liability protection.

Even though a business bank account isn t compulsory it makes a lot of practical sense to have one. Plus there is a targeted promotion being offered to legalzoom business customers for up to 300 with a new business checking account and merchant services account from bank of america. Legalzoom limited registered office.

It is not appropriate however to use an llc bank account for a different newly formed llc. There is a 200 bank of america business checking account promotion available for both the business advantage and business fundamentals accounts. 130 old street london ec1v 9bd.

Every business needs a bank account to start trading you ll need a business bank account. A limited liability company must have a bank account. So whether you d prefer to use a traditional high street bank or if you d like the convenience of doing it all online we ve got you covered.

Typically checks payable to a corporation cannot be cashed by a shareholder. Form an llc incorporate a business make a will register a trademark get legal advice and more online. Fortunately some banks have set up reasonable fees for small businesses such as charging no fees if a specified minimum balance is maintained.