Wednesday, October 21, 2009

What do I need to open a business checking account?

Basically it is just me providing a serivice to people (legal of course) but I know people are more comfertable with giving their money to a company than to just some guy they barely know.





I think it will be easier to gain their trust having a business name, and it will help if they make their checks out to the name of the business. But then of course I will need to be able to cash those checks.





So what is need to open a business account?
What do I need to open a business checking account?
the bank will ask for Articles of Organization/Formation, EIN and will need your Corporate Resolution about opening a bank account. if you don't have a resolution, some banks have a their own fill-in-the-blanks resolution for you to use.





visit your nearest banking center. they will surely give you an advice.
Reply:Your bank will ask you for a copy of your business registration (not a license, just the registration)





Go to your county/city clerk office and register your business. In Virginia, this only takes 30 minutes and about $20, though each state will vary
Reply:money
Reply:If it's just you, all you need is a business license, photo id, and a signature card. If you are likely to have employees, you might want to get a tax number from the IRS.
Reply:Go to the government IRS web site and fill in the online application with a Doing Business As (DBA) name of your business and get an instant EIN Tax number.





Open a business checking account under that new tax number... I help people do this all the time. Its a free service. Don't let anyone make you pay over the Internet to do it.

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