Business Banking & Financial Separation
01.Opening a Dedicated Account
As soon as you receive your state formation certificate and EIN, you must open a dedicated business checking account. All business revenues and expenses must flow through this account.
02.Required Documents
To open a business account, banks require your EIN letter, Articles of Organization/Incorporation, Operating Agreement or Bylaws, and government-issued ID.
03.Establishing Credit History
Apply for a business credit card to build a separate corporate credit score, which is critical for future lines of credit and equipment financing.