Mary Gibson
Tuesday, March 22, 2022
Your first step is to open a business bank account so you can keep your personal money separate from your business money. It’s easier if you open a new account that you currently bank on, but be sure to take your personal and business credentials with you. Different banks have different rules and some will not create business accounts for new businesses. You may need to open an additional “personal” account which will then be used for business only.
• To rent
• Advertising
• Telephone
• Stationery
• Assurance
• Car
• Travel
• Licenses
• Business loans and IOUs from friends and family
• Credit card and bank account statement
• A list of money and/or equipment you loaned the business to get started
NCET is a member-supported non-profit organization that helps people explore business and technology. (www.NCET.org)