At least once in a while you should keep checking for better offers at different banks. You have to constantly make the best choice for your business.
You’ll be able to easily see and keep track of:
· Taxes you owe
· Received funds
· All expenses
· Donations made on behalf of the business
· Payroll costs
Link a credit card to your account and start getting paid.
You might need to open more than one account. Consult your accountant to get specific info for your business type. The process can be different depending on the way you choose to open the account.
· In person
· On the phone
· Online
Just because you enjoy the services that you get from your personal bank doesn’t mean it’s the best choice when it comes to your future business account. There are several banks who can offer you more advantages so make sure you pick wisely.
Gather all the important details in order to find the best bank that fits your requirements. Some banks will even let you open a business bank account online without having to visit the bank in person.
· Tax ID
· Business License
· Copies of legal documents
· Proof of your business name
Do your research before putting everything together so that you don’t have any problems along the way.
Make sure your initial step when it comes to choosing a business name is to check if the indented name is not already trademarked by visiting the U.S. Patent and Trademark Office's trademark search tool. The registration name is usually less than $100.
You can even protect your new business name from trademark by applying for trademark protection that typically costs less than $300.