Comments on: Why You Need A Business Banking Account, And How To Get One

By: Mike

Mike — Mon, 02 Jan 2012 01:09:37 +0000

Great post! Do you advise getting a separate Paypal business account?

Mike

By: Gil

Gil — Fri, 30 Sep 2011 18:20:29 +0000

Is there a banking requirement that you must have separate business & personal accounts? I have a vending machines business on the side. I currently have my business expenses all on one credit card which is paid from my personal checking account. All income from my business goes into a personal savings account which has no transactions other than for my business and my income from my day job into my checking account. Similar to you business diagram but with the only difference that i transfer from my personal savings to my personal savings to pay business expenses. I don’t have issues of organization since everything is separate except funds move take a hop into my checking to pay out.

By: JR

JR — Mon, 18 Jul 2011 17:14:17 +0000

Thank you, so much, for writing this article. What gets me is how people who do not even speak the language, come here from abroad and start businesses. Are they just better trained in the process? I don’t think so. Do they have people helping to pave the way? – relatives – friends? How else can you explain it.

By: Jeff

Jeff — Fri, 03 Dec 2010 05:02:45 +0000

Haha, I know I have to keep an eye on my spam-comments too.
Another point to make: this is a prime example that having a structured business & financial model allows oneself to have the free time to answer off-the-wall comments.

By: Pat

Pat — Fri, 03 Dec 2010 04:51:27 +0000

Haha, no I didn’t approve it, my spam filter just missed it. I think it’s a prime example of how not carefully spun articles don’t work

By: Jeff

Jeff — Fri, 03 Dec 2010 03:56:34 +0000

…Pat, you approved this comment? This comment’s a prime example of why sentence spinners don’t work

By: affiliate success

affiliate success — Thu, 25 Nov 2010 22:00:08 +0000

Thanks for sharing your story.

By: PaulG2

PaulG2 — Fri, 27 Aug 2010 15:31:22 +0000

Loved the post. Thanks for all the insight.

By: Small Business Competitors

Small Business Competitors — Sat, 21 Aug 2010 09:30:17 +0000

I agree that it is important to have a company account so clients would have a trust and confidence in your company. Thanks for discussing this very comprehensively.

By: Dain

Dain — Wed, 03 Mar 2010 03:49:27 +0000

Great post. I’ve been wondering about how I was going to work my finances and tax stuff once I got my own LLC going. Your posts on LLC formation were fantastic as well.

Keep up the awesome work!

-Dain