Join Martha Garzon for an in-depth discussion in this video Opening a business bank account, part of Running a Web Design Business: Defining Your Business Structure.
…In this video, we'll discuss the importance of opening a business bank…account and applying for a business credit card.…These processes are the same for sole proprietorships and LLCs.…So, you'll see the same video in both chapters.…First and foremost, whether you're running a sole proprietorship or an LLC,…it's essential to separate your business finances from your personal finances.…Trust me.…It will save you lots of headaches and it will make record keeping a breeze.…Most business bank accounts have monthly fees or…a limited number of free transactions.…So, before selecting a bank, do some research and try to find the best deal for…your company.…If you're only a sole proprietorship and you didn't apply for a fictitious name,…the business bank account will be created under your legal name,…using your social security number.…If you applied for a fictitious name, you'll need a printout of…the fictitious name registration form to open the business account.…
If you own an LLC, you might need to bring the articles of organization and…
- Understanding your business-structure options
- Choosing your business structure using five key questions
- Establishing business names and fictitious business names
- Obtaining local licenses and permits
- Applying for city/county tax receipts
- Opening a business bank account
- Understanding state and federal taxes
Skill Level Beginner
1. Overview of Business Structures
2. Sample Businesses
3. Forming a Sole Proprietorship
4. Forming a Limited Liability Company (LLC)
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