Two Small Business Bank Account Resources

By: Small Business Finance Forum on 3:15 PM

 

Screen capture of What you need to know about a Business Bank Account?

According to Sheryl Nance-Nash, "Opening a bank account for your business is the first step in building and separating your business credit." The article goes on to say, "A separate account is critical. 'Creditors can levy personal bank accounts, but not a business bank account operating under a separate tax id, and vice versa. Having a business bank account is a component of asset protection,' explains Tiffany Wright, author of The Funding Is Out There! Access the Cash You Need to Impact Your Business." For more information regarding why you need a business bank account and what's involved in opening one, read What You Need to Know About a Business Bank Account in its entirety at https://www.depositaccounts.com/blog/business-bank-account.html

Screen capture of Comparison of Small Business Bank Accounts

"Small businesses have options when selecting a bank account for their company’s operations, including business checking, savings and money market accounts." This is according to an article published on AZ Central. Some of the considerations include the level of FDIC insurance provided vs. what is needed, checking vs. savings account options, whether you operate your business as a sole proprietor or organized/incorporated entity, and money market options.
For more information regarding your options for the type of  small business bank account you want,  read Comparison of Business Bank Accounts in its entirety at http://yourbusiness.azcentral.com/comparison-small-business-bank-accounts-26063.html