One of the most overlooked
things on an entrepreneur's checklist is deciding where to
bank and opening a small business bank account. It is
important that your small business have it's own bank
account that is separate from your personal account.
Having a separate bank
account for the business provides the following advantages.
- It makes the business
looks legitimate and professional.
- It makes accounting easy
by allowing you to separate business expenses from personal
- It's attractive to
lenders such as Venture Capitalists and Banks.