Unlocking Your Business Potential
Should I put my name on my LLC checks? Checks written to your business should include your business name in the “”Pay to the Order of”” field. If you are a sole proprietor, you are the only person who can cash the check. Read more on smallbusiness.chron.com When launching a new company, it’s crucial to … Read more
Can an LLC have a regular checking account? Although there is no state or federal law that requires members of an LLC to open a separate business checking account, it’s a recommended practice to do so to sustain those liability protections. Your LLC also may need a dedicated bank account before you can apply for … Read more
How do I open an anonymous LLC bank account? A Federal Employer Identification Number (FEIN) is necessary to open a bank account if you plan to open an anonymous LLC. You can apply online for a number on the IRS website. To open a bank account for an anonymous LLC requires that you have a … Read more
Can a single member LLC open a bank account? Most banks will let Single-Member LLCs open a bank account with their SSN, and some might even suggest it. We recommend using your EIN instead of your SSN for privacy and easier record keeping. If you formed your LLC by following our LLC filing instructions, you … Read more
Does a single-member LLC need its own bank account? Your SMLLC should have its own bank account. Payments your business receives for its goods and services should be deposited in that account, and money in the account should be used only for business purposes. Read more on www.nolo.com With the flexibility and simplicity of a … Read more