The BEST Business Bank Account for your Small Business

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Let's skip any risk associated with mixing your business funds with your personal funds. Instead, what you want to do is open up a business bank account.
Whether you are an LLC, Sole Proprietor, or a C corporation; it is never a good idea to co-mingle your business and personal funds. That's why, in today's video, I'm sharing my best recommendations when it comes to opening up a business bank account for your small business, along with the different types of business bank accounts you need.
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//CHAPTERS:
00:00- Intro
0:42- Why you should have a business bank account
2:05- What to look for before opening a business bank account
5:27- Small business bank account recommendations
6:32- The different types of business bank accounts you need

Опубликовано:

20 июл 2024

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Комментарии : 15

@bennewton694 Год назад

beautiful. thanks Paige

@keeping.it.simple.77 5 месяцев назад

Nicely said! 🙏

@InspiredPhotographyByDianne Год назад

I love your instructional videos, so straight forward and full of information. You contracts are so clean, organized, and well written too! Anyway, if you have pierced the corporate veil, what is the best way to get things cleaned up? I have not spent LLC money for personal, in fact I have not yet paid myself (only reinvesting) which is about to change, but I have used personal money to buy things for my business and did not use business money, accounts, or credit/debit cards... only personal cards and accounts. How is the best way to moving forward. I have finished separating my personal PayPal from my business PayPal. I am getting a business Amazon Account so I do not use my personal one. I want to make things clean and clearly separate.

@tmdescapes 2 года назад

Q: Are multiple accounts needed when you own a commission-based business? I'm hearing that some agents consider their commission checks their money/pay? Same with affiliate checks.

@thelegalpaige 2 года назад

Hi! You can split your commission into a separate accounts but you don't have to. You can just pay yourself directly from your business account. Hope this helps!

@gilgamesh6135 4 месяца назад

ally does not offer business accounts tho. don't know about the other ones

@diamond4603 Год назад

My friend told me if I had more than millions in my bank account Government begins investigate is that so ?

@phinelia 7 месяцев назад

She’s FIRE

@hausofgravity 2 года назад

Do you need specific documents to set up a business bank account as a sole proprietor or would you recommend just a regular, separate checking/savings account to be used as a business account?

@thelegalpaige 2 года назад

Hi there! Most banks will issue you a business account if you have registered your sole proprietorship and can show state registration documents. Otherwise, I suggest just having a separate standard checking account where your business transactions and payments go through. Hope this helps.

@ariela_ 2 года назад

@@thelegalpaige piggybacking on this topic, I applied for a dba/ein as a sole proprietor will I be able to use them when opening a standard bank account?