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    0 Replies Latest reply on Jul 22, 2009 8:38 PM by jamesstock

    Open a Small Business Banking Account..Initial Deposit

    jamesstock Newbie

      I've set up all the necessary government documents to run a retail business. Still looking for a retail space at the moment but would like to open a small business account first. My question is what should be filled in for the 'payable to' on the initial deposit check to fund the small business account? In other words, because I'll be asking another bank to write a bank draft / check to fund the new small business account, what should I put in for the 'payable to' on the bank check which will be used as the initial deposit fund for the small business account? SHould it be the company's name? Or my personal name?

      thx
      -James