All Questions
Tagged with small-business bank-account
11
questions
2
votes
1
answer
79
views
I'm traveling and need the info on my future business card
I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
- 195
0
votes
1
answer
314
views
When to register for a bank account for a C-Corp with no official money
In Feb this year, I registered a C-Corp for administrative purposes only (for things that require a DUNS number, e.g., to get an Apple Enterprise Dev account, etc) and have thus far not passed any ...
- 360
3
votes
1
answer
986
views
As a small business owner should I have a separate account for payroll? [closed]
Note: I'm currently using cash basis accounting.
Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that ...
- 133
1
vote
2
answers
607
views
What should one look for when opening a business bank account?
I've created an LLC under my name for my contract work (taxed as a sole proprietorship). Because of this, I'm planning to open a Solo 401k, and due to that I'm planning to pay myself income based on ...
user12337
9
votes
2
answers
177
views
Joint Account for Common Earnings
I've started a tutoring group with two of my peers; the three of us are minors in the state of Ohio. We charge a modest fee and generate approximately $2,000 in revenue per month.
We plan on charging ...
- 190
0
votes
1
answer
118
views
financial institution wants share member break down for single member LLC
Due to latest crop of regulations, a particular financial institution is requiring a share member break down for a single-member LLC, an odd step in verification since there is only one share member ...
- 20.2k
1
vote
1
answer
1k
views
Can a Nepalese (Asian) open a bank account in US without visiting there?
I am living in Nepal (South Asia) and want to setup a business using which Nepalese living in the USA can pay for gifts and services to be delivered here in Nepal to their beloved ones. To receive ...
11
votes
3
answers
10k
views
Why do banks require small businesses to open a business bank account instead of a cheaper personal one?
I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
- 319
2
votes
1
answer
959
views
How long does a bank's "Know Your Customer" (KYC) process typically take?
When opening a U.S. bank account, the bank will investigate about the account owner, and this investigation is called 'Know Your Customer.'
The goal is to prevent money laundering. My question is: ...
- 121
1
vote
1
answer
2k
views
Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services
I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
- 11
1
vote
1
answer
745
views
For a sole trader, what is the benefit of using a business bank account?
First of all: Are you allowed to have two personal current accounts with a debit card attached to each one?
If yes, can a sole trader in the UK use the second personal account for business ...
- 97