All Questions
Tagged with small-business banking
13
questions
0
votes
1
answer
146
views
Why would I (with good credit and financial history) be denied while applying for a business checking account?
I've applied for several accounts, and all of them were denied, most instantly. I have an 800+ credit score, a clean checking history, and so on. I do not have any business financial history - but ...
0
votes
1
answer
316
views
Can I use a friend's bank account while living abroad?
I've been living abroad for 2 years and work as an expat independent contractor. A friend is willing to open a bank account, on his name, exclusively for my use - so my client will send payments to ...
- 27
21
votes
11
answers
7k
views
Why can't my LLC get a credit card when the owner has credit history and a good credit score?
I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
- 319
38
votes
3
answers
12k
views
How to prove that invoices are really unpaid?
When it comes to official business documentation (USA) between a company and a client who is either another company (B2B) or individual person (B2C), how can the company providing the invoices, prove ...
- 381
9
votes
3
answers
5k
views
Bank claims I'm personally liable for small business fees; despite leaving the company?
I opened a small business (partnership) a while ago and was a signer on a company account. I later left that company, with the other partner being responsible for whathaveyou, but was apparently never ...
- 193
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
18
votes
4
answers
25k
views
Will depositing $10k+ checks each month raise red flags with the IRS?
I am a freelancer that runs a small design business (LLC) and I have one client in particular that I regularly do more than $10k per month worth of business with. Sometimes I'll deposit a check for $...
- 189
3
votes
1
answer
2k
views
Freelancer: Should I start a second bank account?
I am a freelancer based in India with clients in Canada, US and India.
Until now I used my personal savings account (Union Bank of India) to get paid. It has been only a few months since and now I ...
- 133
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
6
votes
1
answer
3k
views
Funds in closed bank account have gone to the government
My son was advised by his accountant to close his limited company and start a partnership instead. He did this but he was not told that he needed to clear the company bank account - he left this open ...
- 61
2
votes
4
answers
6k
views
Deposit a cheque in an alternative name into a personal bank account (Australia)
I'd like to be able to deposit cheques payable to a business name into my personal bank account. I do not have a company (Pty Ltd) and at this stage it's probably more trouble than it's worth to set ...
- 21
12
votes
4
answers
2k
views
What's a Letter of Credit? Are funds held in my bank for the amount in question?
Can someone easily cash one? Is it used for business only, or is there an advantage to consumers using them as well?
- 8,683
6
votes
2
answers
435
views
Why Are Credit Card Rates Increasing / Credit Limits Falling?
I thought that there was recent legislation passed that forbid banks for jacking up rates as they had been doing from late 2008 into the first half of 2009. All of my credit cards have seen increases ...
- 191