Do I have to have a business bank account?
Written By: admin on November 15, 2009
3 Comments
I am at the beginning stages of my small business. I will be filling out a DBA for a sole proprietorship. Do I really need a business bank account? Right now, I probably won’t be selling more than 15 different items on my website. My business is very small. I’m just wondering if I HAVE to have a bank account specifically for my business or if I can just use my personal one. Thank you.
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Tags: business bank account, dba, fixed rate private student loan consolidation, home equity loan lowest rate, small business, sole proprietorship
If the payments ( checks ) are made out to your name, you may use your personal one. If you sell under a business name, payments will be made to that name and you will not be able to deposit them.
Well you don’t necessarily have to have a business bank account, but it is better to have one that way you can keep your business finances separate from your personal.
If you plot on keeping a excellent record than you can just use your personal
you never know what might ome up.for the small investment, I would
recommend doing it.this wa later on, u won’t wish you had one it