4.
Re: Checking Account Oct 24, 2007 2:50 PM
in response to:
Fred_Landing
There are several ways of tackling this checking account for business. How are you going to use it? What is your business structure? What type of business structure do you have?
Depending on what type of business structure you have like if it is a sole proprietor , corporation, llc, you need some type of documents to be able to open up accounts. Mostly, sole proprietor needs a fictitious business name, corporation needs the articles of incorporation and federal tax id, and llc need articles of organization and federal tax id depending on if it is a single member or more. Normally, sole proprietorship business does not require federal tax id or E.I.N. but other than that, you need to get the tax id.
There are institutions that offers free business checking as they say with "no fees", however, you should still make sure that the institution you are going with has all that is that you need for your business. Some banks offer free business checking as long as you have a personal account with the bank.
Also, these can be the questions you can ask yourself. Do they have convenient locations for you? Do they have online banking? If so, how safe are their online banking? Do they offer free check cards for the business? What type of service will I get with this insitution? Will you be able to apply a line of credit or credit card even if you're new in business? Can you open the account online, phone or in the banking center? Most importantly, are the associates courteous, friendly and delightful?
These are the questions that you can ask yourself and hopefully it helps you to decide on where to go and start your business relationship with. If I were you, I will go to the bank that helps me realize my dream may it be in business or personal life. Opportunity is everywhere when you know where to look.
