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 expenses.

- It's attractive to lenders such as Venture Capitalists and Banks.

So, don't forget to perform this important task.