Business Checks

Every aspect of running a is crucial. The finances are one of the most important things to handle when it comes to running a , so it makes sense to open a checking account at your bank. When it comes to or just staying organized, it makes sense to keep your personal and business accounts separate.

Most banks require anyone account and ordering to first obtain and file a DBA, or “Doing Business As” form with their county. The bank requires this if you are operating your business under a business name other than your first and last name. Charges vary from county to county and state to state.

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 may be tax-deductible, so keep track and check with your accountant.

There will be expenses when you operate a 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.

Record all business checks as you write them to prevent overdrawing your business account. A good beginning will allow you to develop a good relationship with your bank. This relationship will grow as your business grows.

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