Arranging business checks is as simple as a trip to the bank. Everyone who is starting a business should open a business checking account and use business checks to pay all expenses and bills relating to their business. This keeps personal finances separate from business finances and makes tax time a lot easier to handle.
Most banks require anyone opening a business account and ordering business checks 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 initial amount you need to open your business checking account also differs, depending on which bank you use. It will invariably be more than what you need to open a personal account, of course, but you will benefit if you scout around and check what kind of charges are applicable with different banks. Always keep in touch with your accountant, too - there might be fees that come under the tax-deductible category.
Make sure you know what kind of fees you will be charged, according to checks that are paid. Earning interest is not realistic with a business checking account, either. You will also have to find out what the minimum balance you need is - falling below it might mean that you will be charged a fee of some sort.
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.
Most banks require anyone opening a business account and ordering business checks 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 initial amount you need to open your business checking account also differs, depending on which bank you use. It will invariably be more than what you need to open a personal account, of course, but you will benefit if you scout around and check what kind of charges are applicable with different banks. Always keep in touch with your accountant, too - there might be fees that come under the tax-deductible category.
Make sure you know what kind of fees you will be charged, according to checks that are paid. Earning interest is not realistic with a business checking account, either. You will also have to find out what the minimum balance you need is - falling below it might mean that you will be charged a fee of some sort.
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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Gary Pearson is an accomplished author.
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