Small business: Necessary to open a business bank account?
March 31st, 2009
Nastka asked:
Hi there. I’m starting a small business as a sole trader very soon. In how far is it helpful to have a business bank account? I know that it isn’t required by law, so I’m a little baffled as to why I shouldn’t or can’t open a second private bank account to keep my income separate from the business’s and to avoid all those fees that come with a business bank account. I hope for a quick reply, thanks in advance.
Hi there. I’m starting a small business as a sole trader very soon. In how far is it helpful to have a business bank account? I know that it isn’t required by law, so I’m a little baffled as to why I shouldn’t or can’t open a second private bank account to keep my income separate from the business’s and to avoid all those fees that come with a business bank account. I hope for a quick reply, thanks in advance.
