09/01/2022
Read Below
Important message for Business owner
Do you have a separate bank account for your business? 💰
If so – kudos to you! Keep scrolling 😜
BUT - if you’re the 1 in 4 business owners that *doesn’t* have a separate account for your business … well, keep reading ❤️
💰 It's called "comingling" (having personal and business finances in the same account)
💰 It makes your personal finances vulnerable if your business gets audited
💰 And you miss out on crucial benefits, like quick applications for loans and grants
That’s the "why". And here’s 3 steps to set up a business bank account:
𝗦𝗧𝗘𝗣 𝗢𝗡𝗘: Register your business (as an LLC, Corp, etc)
⏰ Cost and processing time depends on your state; usually 7-10 days, and cost ranges $40-$500
𝗦𝗧𝗘𝗣 𝗧𝗪𝗢: Apply for a free EIN
𝗦𝗧𝗘𝗣 𝗧𝗛𝗥𝗘𝗘: Research and pick a bank
Some of the features you’ll need to consider are: minimum balance, monthly fees, etc.
And that's it!
Yes, the process does require a little homework, but I promise - the benefits far outweigh the time and effort
Now – what about you? Do you have a separate account for your business? Why – or why not? I’d love to hear what works (or doesn’t work!) for you and your business finances!
And of course, if you’re feeling overwhelmed just by reading this – no worries ❤️ All you gotta do is reach out
I’m always helping my clients figure out which banking accounts work best for them and their businesses – and I’d love to help you do the same!
Just send me a DM!
Don’t Forget to Collect Free Ebook On Tax that can save your $1000 Dollar , Link In Bio.
Let’s get connected, for more information ⬇️
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